Another year, another record: Russia & China project trade to hit $110bn this year

From January to November, mutual trade between Russia and China stood at 100.32 billion, which is 3.1 percent more than in the same period last year. A new record could be set if the trend persists, the ministry’s spokesman, Gao Feng, said at a news conference on Thursday.

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Sino-Russian trade turnover has been steadily growing in recent years. In 2017, it surged by 20.8 percent year-on-year to $84.07 billion, while in 2018 mutual trade soared 27.1 percent to top $107 billion for the first time ever.

The two countries, both currently facing pressure from the US – in the form of sanctions against Russia and a simmering trade war with China – have recently set the ambitious goal of doubling trade turnover to reach $200 billion by 2024.

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Article source: https://www.rt.com/business/475694-china-russia-trade-turnover/?utm_source=rss&utm_medium=rss&utm_campaign=RSS