International Observation: The Trade Volume Between China And Russia In The First 10 Months Exceeded That Of Last Year, Reaching A Record High

According to the data of the Ministry of Commerce on December 2, 2021, since this year, the trade between China and Russia has been growing strongly. In the first 10 months, the volume of bilateral trade in goods reached 115.6 billion US dollars, exceeding the scale of last year and reaching a record high.

Recently, the Chinese and Russian prime ministers held their 26th regular meeting by video. The meeting between the two prime ministers has injected new impetus into the development of China Russia comprehensive strategic cooperative partnership in the new era, and has achieved positive results in five aspects in economic and trade, Ministry of Commerce spokesman Shu jueting said at a regular online news conference on the 2nd.

In order to continue to promote the high-quality development of bilateral trade, the Ministry of Commerce and the Russian side have completed the roadmap for the high-quality development of Sino Russian trade in goods and services, making plans to achieve the goal of US $200 billion in bilateral trade between China and Russia. The two sides also agreed to promote the growth of cross-border e-commerce and service trade, enhance the level of facilitation, expand the access of agricultural products, and make good use of the exhibition platform.

In terms of continuing to promote investment and major project cooperation to make new breakthroughs, Shu jueting said that in the first 10 months, China's direct investment in Russia increased by 39.1% year-on-year. The competent economic and trade departments of China and Russia are studying the feasibility of upgrading the Sino Russian investment agreement. The two sides are also actively discussing the intergovernmental agreement on the cooperation of the international lunar research station.

In addition, the two sides have also made positive achievements in promoting in-depth development of industrial chain supply chain cooperation, actively promoting cooperation in emerging fields, and Comprehensively Strengthening multilateral cooperation, including further deepening upstream and downstream cooperation in energy and mineral resources, agricultural and forestry development, industrial manufacturing, information and communication, and promoting the establishment of electromechanical and other types of industrial parks. The two sides agreed to further strengthen cooperation in scientific and technological innovation, create new growth points such as 5g, biomedicine, green and low-carbon, and smart city, and jointly prepare a roadmap for the cooperation and development of China and Russia in the Russian Arctic region.

Shu jueting said that in the next step, China will work with Russia to comprehensively implement the important consensus reached by the two heads of state and the achievements reached at this prime minister's meeting, further play the role of intergovernmental cooperation mechanism, and promote bilateral economic and trade relations and practical cooperation in various fields to a broader, broader and deeper level, We will continue to consolidate and deepen the connotation of the comprehensive strategic partnership of cooperation between China and Russia in the new era.