China-Russia trade to surpass the significant milestone

The Chinese ambassador in Moscow anticipates a rise of $200 billion this year.

Despite the challenging international environment, the ambassador of Beijing to Moscow stated on Friday that trade between the two countries is growing steadily and may reach $200 billion this year.

Zhang Hanhui told the RIA Novosti news agency that despite challenges brought on by the pandemic, the global economic crisis, and the challenging international and regional environment, "Russian-Chinese trade and economic cooperation shows good results and sustainable development."

According to the envoy, who cited figures from Chinese customs, trade between Beijing and Moscow increased by 29% over the first seven months of the year to reach $97.71 billion.

China's exports to Russia during that time amounted to $36.26 billion, a rise of 5.2% over the same period in 2021. Russian imports increased by 48.8% to $61.44 billion.

Zhang cited energy, nuclear power, aviation, space, basic infrastructure, as well as digital technology, medical, green energy, agriculture, science, and innovation as some of the top goals for bilateral trade.

All of this creates a solid basis for our trade and economic cooperation to advance, he said.

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