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RF-Chinese trade may reach $100 bln by 2015, and $ 200 bln by 2020 – Zhukov

October 10, 2011, 19:40 UTC+3
It will be rather realistic to implement China’s proposal to increase the level of mutual trade to 100 billion U.S.
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BEIJING, October 10 (Itar-Tass) —— It will be rather realistic to implement China’s proposal to increase the level of mutual trade to 100 billion U.S. dollars by 2015 and to exceed 200 billion U.S. dollars by 2020, Russian Deputy Prime Minister Alexander Zhukov said at the opening of the Sixth Russian-Chinese Economic Forum in Beijing on Monday.

Trade turnover between Russia and China may reach 70 billion U.S. dollars in the current year, he said, stressing that this will be the record high level.

“Trade and economic relations between the two countries develops rather stable and dynamically,” Zhukov said, adding, “Over eight months of the year, bilateral trade grew by almost 50 percent.”

“This means that we have serious grounds to think that Russian-Chinese trade will reach its record high and reach the indicator of 70 billion U.S. dollars,” the Russian deputy prime minister said.

In his opinion, “Russian-Chinese trade and economic cooperation is a stabilising factor” of the modern global economy.

“In the conditions when the economies of the United States and the biggest number of the European Union countries remain in the zone of rather serious risks and face a realistic threat of a new stage of recession, the considerable progress in the economic cooperation between Russia and China looks very impressive and may be a factor of stabilisation not only for our countries, but also for the economies in general,” Zhukov stressed.

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