Bilateral trade between China and Russia is maintaining growth momentum, and the two sides will continue to promote normal economic and trade exchanges and maintain the stability of industrial and supply chains, China’s Ministry of Commerce said at a briefing on Thursday.
In response to questions about the prospects of bilateral trade growth this year, the ministry said that the two countries will join hands to foster new growth engines, such as the digital economy, green development and biomedicine, and seek the improvement of both quality and quantity in bilateral trade.
In addition, the two will ramp up efforts to coordinate their epidemic prevention steps and customs clearance so as to ensure the normal movement of cargo through border ports, it said.
In 2021, bilateral trade stood at $146.87 billion, up 35.9% from a year earlier, and China remained Russia’s top trading partner for a twelfth consecutive year, according to the ministry’s data. In the first seven months of this year, bilateral trade totaled $97.71 billion, up 29% from a year ago.