China-Russia trade may reach $80 billion

Dhaka,  Tue,  22 August 2017
Published : 17 May 2017, 14:22:07

China-Russia trade may reach $80 billion

FE Online Report
Bilateral trade between China and Russia may reach at $80 billion in the next year, according to a projection made by Chinese Commerce Ministry.

It said that during the first four months of the current calendar year, China-Russia trade grew at a faster pace and increased by 26 per cent to almost $25 billion.

Russian exports to China increased by 33 per cent in January-April period while shipments of Chinese products to Russia surged by 22 per cent.

The commerce ministry official said that due to the decline of world prices, China has also started to build up the imports of energy products from Russia.

In 2016, bilateral trade between two countries grew by 2.2 per cent to $69.5 billion.

- AK
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