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China's exports to Russia for 10 months of 2014 was increased by 10%

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21.11.2014

China’s exports to Russia for 10 months of 2014 amounted to 44.25 billion dollars, being increased by 10% compared to the same period of 2013, imports amounted to 34.63 billion (3.4% increase), told reporters Lin Zhi, head of the Europe and Central Asia department of Chinese Ministry of Economic Development.

According to him, the trade turnover reached 78.89 billion US dollars and China’s trade surplus in the Russian-Chinese trade amounted to 9.62 billion US dollars.

Along with that, the official stressed that the quality of our bilateral trade is more important than its quantity. "We would like 200 billion US dollars by 2020 to be a qualitative indicator rather than a mere increase of the trade turnover volume" - said Lin Zhi.

According to the Chinese Ministry of Economic Development, China ranks the first among trading partners of Russia, and the Russian Federation in turn is on the 9th place in terms of trade with China.

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