Importance The article discusses the issues of reshoring, prospects and trends of the phenomena; it also evaluates the possible danger to Russia and China. We have conducted the research of the foreign sources and opinions and determined the prospects and risks of reshoring to Russia. Objectives Our paper aims at identifying the preconditions, content and consequences of reshoring for Russia and China. The tasks of the article's research are as follows: to analyze the position of the Western politicians and scientists concerning reshoring initiative; to research the reality of reshoring intentions; to review the cause-and-effect relationship of forming reshoring initiatives by the EU and U.S.; to analyze the reshoring consequences for the Chinese economy; to forecast the reshoring consequences and determine strategy of the Russian manufacturing industry. Methods We use a synthesis method and method of comparative analysis, differentiating positions of the EU and U.S. about reshoring and reshoring consequences for China and Russia. Results Our paper reveals the real picture of the processes that are taking place in the modern global economy, trends and prospects of the international labor division and globalization. Conclusions and Relevance We make a conclusion that reshoring is an objective phenomenon, embodying the intentions of the EU and U.S., which will soon take a normative and institutional basis, and it will be realized in real economic policies of the developed countries. In this regard, China will have to reconsider the pricing policies of the resources and Russia should develop its own creative potential and conditions for the development of domestic high-tech business, and it should learn from the West and China how to commercialize innovation.
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