Key status reflects countries on the move

By Zhou Wenting | China Daily | Updated: 2018-11-07 12:59
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[Photo by Zhu Xingxin/China Daily]


The Ministry of Commerce announced in September that China has been the largest trading partner of Russia for eight consecutive years.

Since the beginning of this year, Sino-Russian bilateral trade has continued to develop rapidly. The bilateral trade volume in the first eight months of this year reached $67.5 billion, a year-on-year rise of 25.7 percent, and it is expected to reach $100 billion for the whole year.

The trade volume between Russia and China in 2017 was $84 billion. It was notable that Russia surpassed Saudi Arabia to become China's largest crude oil supplier.

Russia is one of the largest participants in the CIIE and its focus is on industrial and agricultural products.

More than 120 Russian companies participate and their exhibits cover the fields of agricultural products, consumer goods, high-tech equipment, medical products and service trade.

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