Sino-Russian economic co-op in structural overhaul: Chinese diplomat

14:27, November 20, 2010      

Email | Print | Subscribe | Comments | Forum 

by Xinhua writers Hai Yang, Wei Lianglei and Xie Rong

The current economic and trade cooperation between China and Russia is at a crucial stage of transiting from scale growth to overall restructuring, a Chinese diplomat said ahead of Premier Wen Jiabao's upcoming visit to Russia.

RAPID RECOVERY OF BILATERAL TRADE

Ling Ji, minister counselor for economic and commercial affairs at the Chinese embassy to Russia, told Xinhua in a recent interview that the trade structure between China and Russia has been distinctly improving this year as bilateral trade retains rapid restorative growth.

In the first 10 months of this year, trade volume between China and Russia hit 45.1 billion U.S. dollars, up 43.4 percent year-on-year.

Trade volume underwent a significant slash last year due to the aftermath of the global financial crisis, Ling said.

In 2008, the trade figure was 56.8 billion dollars, while this year, it would probably approach the pre-crisis level to surpass 50 billion dollars, Ling said.

In addition, the trade structure between China and Russia has been continuously improving, Ling said, adding that "it has thus proven the healthy and sustainable development of Sino-Russian trade."

In the first three quarters this year, the ambassador said, mechanical and electric products surged 96 percent to take up 45.5 percent of the entire Chinese exports to Russia. The total value of the exports hit 9.63 billion dollars, he said.

Exports of mechanical, electric and high-tech products worth 12.8 billion dollars at the same time made up over 60 percent of the total amount, Ling said.


【1】 【2】 【3】

(Editor:燕勐)

  • Do you have anything to say?

双语词典
dictionary

  
Special Coverage
  • Premier Wen Jiabao visits Hungary, Britain, Germany
  • From drought to floods
Major headlines
Editor's Pick
  • Chinese Navy soldiers hold an evening party marking the upcoming 62nd National Day aboard Chinese Navy hospital ship "Peace Ark" in the Pacific on Sept. 28, 2011. The Chinese National Day falls on Oct. 1. (Xinhua/Zha Chunming)
  • Photo taken on Sept. 30, 2011 shows the crowd at the plaza of Beijing Railway Station in Beijing, capital of China. The railway transportation witnessed a travel peak with the approach of the seven-day National Day holidays on Friday. (Xinhua)
  • A man wearing high-heel shoes takes part in the 3rd annual Walk a Mile in Her Shoes, an event when men literally walk in women's shoes to raise awareness about ending violence against women, at Yonge-Dundas Square in Toronto, Canada, Sept. 29, 2011. (Xinhua/Zou Zheng)
  • Photo taken on Sept. 29, 2011 shows a cargo ship in danger on the sea near Zhuhai City, south China's Guangdong Province. Cargo ship Fangzhou 6 of Qingzhou of southwest China's Guangxi Zhuang Autonomous Region lost control after water stormed into its cabin due to Typhoon Nesat on the sea near Zhuhai Thursday, leaving 12 crew members in danger. Rescuers rushed to the ship and saved them by using a helicopter. (Xinhua)
  • Actress Gong Li poses for L'Officiel Magazine. (Xinhua Photo)
  • Demonstrators from the Occupy Wall Street campaign hold placards as they march in the financial district of New York September 29, 2011. After hundreds of protesters were denied access to some areas outside the New York Stock Exchange on September 17, demonstrators set up a rag-tag camp three blocks away. Zuccotti Park is a campground festooned with placards and anti-Wall Street slogans. The group is adding complaints of excessive police force against protesters and police treatment of ethnic minorities and Muslims to its grievances list, which includes bank bailouts, foreclosures and high unemployment. (Xinhua/Reuters Photo)
Hot Forum Discussion