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In 2016, trade between China and Russia are expected to achieve positive growth

2016-01-07

Commerce ministry spokesman Shen Danyang said in Jan.6, for the steady growth of bilateral trade between China and Russia, the two sides agreed to jointly take measures actively, at the same time of scale, continue to improve the structure and innovative ways of cooperation, improve the level of facilitation, reverse down as soon as possible, in 2016, trade between China and Russia are expected to achieve positive growth.

Shen Danyang said, has the Chinese ministry of commerce and economic development of the Russian federation signed a memorandum of understanding, agreed 15 specific measures to promote the development of bilateral trade, including the setting up Russia trade center in China, the two sides to carry out the import substitution policy cross-border trade and investment cooperation and development of electricity, etc. In 2016, the two sides will strive to achieve trade between the two countries rallied.

From the latest data released by the ministry of commerce, November 1, 2015 - the bilateral trade volume between China and Russia for $61.3 billion, down 29.3% year-on-year. Shen Danyang said, this is mainly affected by the international market demand, lower prices of commodities such as crude oil caused by external factors. But should see is that in 2015 China remained Russia's largest trading partner, in addition, the main commodities, such as crude oil, iron ore imports from Russia's size to maintain double-digit growth, mechanical and electrical and hi-tech products import contrarian rally; Investment cooperation to grow, accumulative total of Russia's investment in China has been more than 34 billion dollars; Energy, nuclear energy, aerospace, aviation, high-speed railway, infrastructure construction in the areas of strategic project comprehensively advancing; Financial cooperation between the two countries to strengthen significantly.


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