China Aims to Boost Trade With Russia to $200bn in 2021

Source: The Moscow Times

In 2021, the Chinese authorities plan to intensify trade and economic cooperation with Russia in order to increase bilateral trade to $200 bln, official representative of the Ministry of Commerce of China Gao Feng said on Thursday, TASS reports.

According to him, through joint efforts, in 2021, the Chinese-Russian economic cooperation will be even better and more stable, and the volumes of bilateral trade will recover in the near future on the way to the target of trade turnover of $200 bln.

The ministry spokesperson noted that China is interested in expanding economic contacts with Russia both at the central and interregional levels. He added that Beijing seeks to implement large-scale strategic projects with Russia as well as to achieve cooperation in the field of science and innovation.

According to official statistics, in 2020, the volume of Russian-Chinese trade exceeded $107.77 bln, having decreased by 2.9% amid the coronavirus pandemic.