Tuesday, December 14, 2010

2010-1-July-Russian bilateral trade growth of nearly 50%

Department of Commerce recently published statistics, 2010-1-July, bilateral trade reached 307 billion, an increase of 49.6%/year, is expected to be recovered to the level before the financial crisis, to implement the two leaders of the 600 million ~ 800 billion development goals laid a good foundation.

Sino-Russian economic and trade cooperation quality has improved significantly. Mechanical and electrical products are exported from China to Russia the largest commodities, Russian exports to China electromechanical products already for the third consecutive year for restorative growth. In the first half of 2010, the Russian high-tech product exports to China rose up 174%; China direct investment to Russia 58.5%.

In addition, the energy cooperation between China and Russia have also achieved a major breakthrough, coal, power grids, offshore oil, high speed rail, energy-saving technology and other new areas of cooperation are starting to get started.

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