An Empirical Study on Sino-Russian Trade Complementary Advantages and Regional Economic Development Based on the Index Model Method Under the Background of "The Belt and Road"

This paper conducts research and analysis on Sino-Russian trade, industrial development and regional economy, and empirically elaborates the advantages and complementarities of related products in the trade process between China and Russia using the explicit comparative advantage index (RCA), trade complementarity index (TCI) and the "five forces model". Among them, from the revealed comparative advantages and complementary data of Sino-Russian trade, it can be observed that the RCA and TIC of the products of SITC0-SITC9 of the two countries are different in the range. The two countries have their own export advantages in different product fields. China has a greater export advantage in SITC8 and labor-intensive products. Russia has a greater export advantage in SITC3 and resource-intensive products. The complementary advantages of the two countries in SITC6-SITC8 and energy industry-related fields are particularly obvious. The total bilateral trade volume continues to exceed 100 billion US dollars. The mark, which shows the remarkable economic benefits and diversified international cooperation brought about by "The Belt and Road" construction. At the same time, the paper explains the influence of cultural innovation, policy support, market demand and capital investment on the development of cultural industries by constructing the "Five Forces Model" of the cultural industry.