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Chinese premier sees great potential in trade cooperation with Russia

March 15, 9:18 UTC+3 BEIJING

The development of the Russian-Chinese relations will affect the situation in the world favorably, Chinese Premier Li Keqiang says

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Chinese Premier Li Keqiang

Chinese Premier Li Keqiang

© AP Photo/Mark Schiefelbein

BEIJING, March 15. /TASS/. Sharp increase in bilateral trade between Russia and China early this year shows that the two economies can complement each other and there is a huge untapped potential of this cooperation, Chinese Premier Li Keqiang told reporters on Wednesday.

"In the first two months of this year, the trade turnover significantly grew, and this shows a great potential of our trade relations and high complementarity of our economies," the Chinese premier said.

"The healthy and stable development of the Russian-Chinese relations has a positive impact on the region and the world as a whole," he said.

The trade turnover between Russia and China in the first two months of the current year grew by 28.8%, year-on-year, to $11.58 billion, China’s General Administration of Customs said in a report published on Wednesday.

Export from China to Russia grew by 14.9% to $5.42 billion, and import of Russian goods to China in January-February grew by 44.3% to $6.15 billion. The trade turnover between Russia and China in 2016 grew by 2.2% to $69.52 billion.

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