On December 15, President Xi Jinping and Russian President Putin held their second video meeting this year in Beijing.
On December 16, the spokesperson of the Ministry of Commerce Shu Jueting introduced at a regular press conference held by the Ministry of Commerce that since this year, under the strategic guidance of the two heads of state, China and Russia have actively overcome the impact of the epidemic and worked hard to promote bilateral trade. Rising against the trend, there are three main highlights:
1. The scale of trade hit a record high
From January to November, the volume of trade in goods between China and Russia was US$130.43 billion, a year-on-year increase of 33.6%. It is expected to exceed US$140 billion for the whole year, setting a new record high. China will maintain Russia’s largest trading partner status for the 12th consecutive year.
Second, the structure continues to be optimized
In the first 10 months, Sino-Russian mechanical and electrical products trade volume was 33.68 billion U.S. dollars, an increase of 37.1%, accounting for 29.1% of bilateral trade, an increase of 2.2 percentage points from the same period last year; China exported 1.6 billion U.S. dollars in automobiles and 2.1 billion U.S. spare parts to Russia , A substantial increase of 206% and 49%; imports of beef from Russia 15,000 tons, 3.4 times the same period last year, China has become the largest export destination of Russian beef.
3. New business formats are developing vigorously
Sino-Russian cross-border e-commerce cooperation has developed rapidly. The construction of overseas warehouses and e-commerce platforms in Russia has been steadily advancing, and the marketing and distribution network has been continuously improved, which has contributed to the continuous growth of bilateral trade.
Post time: Dec-16-2021