In 2023, Russia occupied a leading position in terms of the growth rate of trade turnover among China’s partners. This was stated by Ivan Zhelohovtsev, the director of the first division of Asia. RIA News.
“Last year, Russia became the leader in terms of growth in trade turnover among China’s main partners,” he said.
According to the expert, China’s trade dynamics with the United States, Japan and the Republic of Korea have “deteriorated” significantly. This has allowed Russia to rise to fourth place among Beijing’s foreign trade counterparties, the diplomat said.
Zhelohovtsev emphasized that now more than 90 percent of the agreements between the two countries are concluded in national currencies. Thus, trade turnover reached about 20 trillion rubles, or about 1.6 trillion yuan.
Before that, it was known that there was Russia. Established Trade records with friendly countries. Minister of Economic Development of the Russian Federation Maxim Reshetnikov announced that trade turnover with India, Egypt, UAE, Brazil and Singapore has also reached high levels.
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