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December 3, 2021

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Russia trade hits a record

Trade between China and Russia saw robust growth this year, with bilateral trade in goods reaching a record US$115.6 billion in the first 10 months, the Ministry of Commerce said yesterday.

China’s direct investment in Russia grew 39.1 percent year on year during the period, MOC spokesperson Shu Jueting said.

China and Russia are negotiating an intergovernmental agreement on international lunar research station cooperation, Shu said, adding the two sides have also made progress in deepening cooperation on industrial and supply chains, advancing cooperation in emerging areas, and strengthening multilateral cooperation in an all-round way.

Talking about the 26th regular meeting between Premier Li Keqiang and his Russian counterpart Mikhail Mishustin held via video link, Shu said the meeting injected new impetus into the development of China-Russia comprehensive strategic cooperative partnership in the new era.

The two sides will give further play to the intergovernmental cooperation.


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