Russia to supply another batch of transport helicopters to China in 2018Business & Economy July 21, 11:47
All four turbines produced by Siemens delivered to Crimea despite agreementsBusiness & Economy July 21, 10:11
Records file on Gagarin flight fetches nearly $50,000 at Sotheby’sSociety & Culture July 21, 10:00
Russian-Chinese naval exercises kick off in Baltic SeaMilitary & Defense July 21, 9:47
IMF Executive Board decides on $1.8 billion conditional loan for GreeceBusiness & Economy July 21, 3:34
Turkey’s western coast rocked by 6.7 magnitude quakeWorld July 21, 2:58
ExxonMobil launches legal challenge to finding it violated US sanctions against RussiaBusiness & Economy July 21, 1:36
Russian Knights aerobatic team to perform at Dubai airshowMilitary & Defense July 20, 21:28
Russia looks to its Navy to become world secondMilitary & Defense July 20, 19:10
BEIJING, February 10. /TASS/. The trade turnover between Russia and China grew 34% year-on-year in January 2017 to $ 6.5 bln, China Customs Administration reported on Friday.
Export from China to Russia rose 29.5% to $3.4 bln. China’s import from Russia surged 39.3% to $3.1 bln.
"China’s growth rates turn out to be much lower than import [growth] in the last six months. Years of 2014-2016 became a transitional period, when dramatic changes took place in the foreign trade of our country," senior specialist of Jiuzhou Zhenquan investment bank Deng Haiqing said in a comment. If both export and import showed a decline in China two years ago, a steady upward trend has recently appeared, he said.
"Improvement of the situation is explained in particular by streamlining of China’s monetary policy and optimization of controlling and regulating mechanisms," the expert said.
Energy resources account at present for more than 50% of Russian export to China. China imported 52.3 mln tonnes of Russian oil in 2016, up 23.4% year-on-year.
China’s export to Russia rose 7.3% on an annualized basis to $37.3 bln in 2016. Import of Russian goods contracted 3.1% year-on-year to $32.2 bln last year.