Sino-Russia Bilateral Trade to Reach USD 100 Bn by 2015

Source: Ministry of Foreign Affairs, ChinaScope Financial (Data)

+       According to the Ministry of Foreign Affairs, China and Russia will expand their commercial relations. The two countries aim to increase bilateral trade to USD 100 billion before 2015 and to USD 200 billion before 2020 and will work towards closer cooperation in the fields of investment, energy, high-tech, aviation and aerospace, and cross-border infrastructure.

+       During President Putin’s visit to China the two countries signed a number of agreements covering industry cooperation, civil aviation, traditional energy, nuclear power, cross-border investment, tourism, media, export credit and insurance, and cooperation between Russia’s state-owned innovation hub Skolkovo and China’s Zhongguancun science-and-technology park.

China’s import from Russia is predominantly raw materials, whereas most of China’s export to Russia consists of engines, automobiles and low value added manufacturing products.

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