Russian official eyes leap in trade

BEIJING - China and Russia have the conditions and the potential to realize their target of boosting bilateral trade to $200 billion by 2020, said Russia's ambassador to China.

In the first half of this year, Sino-Russian bilateral trade grew at a monthly rate of more than 30 percent, meaning that it could reach a total value of $70 billion by the end of this year, Sergey Razov said.

"By keeping the same growth rate, bilateral trade could reach $100 billion by 2015," said Razov.