Sino-Russian trade in the first quarter of this year rose by 57 per cent

June 8, Russia's business representatives tsyplakov said in Beijing, China-Russia economic and trade was at a new stage of rapid recovery. The first quarter of this year, trade between China and Russia as high as $ 162 billion, an increase of 57%, basic recovery to the 2008 financial crisis at the beginning of the trading level.

Tsyplakov, Sino-Russian trade in the first quarter rebound momentum from China's rapid economic development. In the first quarter of this year Russia exports to China increased by 68%, mainly because China on Russia's oil and natural gas, wood and non-ferrous metal needs increase significantly. Of these, Russia's oil exports up to 580 million tons, an increase of 29%. Trade with China and Russia in 2009 in comparison with the first quarter of this year, the growth of a total amount of goods and price-growth trend. In addition, China's export to Russia is gradually recovering from the first quarter of this year increased by 45%. Where electronic machinery exports growth, growth reaches 69%.

But tsyplakov also said that the financial crisis and other factors, this year the trade volume between China and difficult to achieve 600 billion but may certainly, this year may reach $ 50 billion.

Last month, Chinese Vice Minister of Commerce, access from the Fu Moscow said, this is the year of the Sino-Russian and Russian leaders reached 600-800 million target of the last year. If you can keep in the first quarter of the speed of development, the potential for trade development objectives.

Tsyplakov believes that the financial crisis has not ended, when the end is not clear, such as economic and trade relations between the two resulted in uncertainty. This year's breakthrough 60 billion still have difficulty, but $ 50 billion target can be achieved.

Tsyplakov urge, Chinese enterprises should more actively investing in Russian retail trade, wholesale trade; should Russia to establish real logistics system. As Russia's interest in the Chinese people, and economic cooperation between the two countries will be further extended.