Sino-Russian mechanical, electrical trade maintains steady growth

15:11, April 14, 2011      

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The trade between China and Russia is currently showing a good recovery growth momentum and the trade volume of mechanical and electrical products accounts for half of the total China-Russia bilateral trade volume, said Zhang Yujing, president of the China Chamber of Commerce for Import and Export of Machinery and Electronic Products, during a press conference at the recent 2011 China-Russia (Dongning) Machinery and Electrical Products Exhibition Fair.

Data shows that China exported more than 13.5 billion U.S. dollars of machinery and electrical products to Russia in 2010, an increase of more than 85 percent compared with 2009, accounting for nearly 46 percent of China's total exports to Russia in 2010.

The China-Russia trade volume of mechanical and electrical products reached nearly 2.4 billion U.S. dollars in the first two months of 2011, an increase of nearly 57 percent compared with the same period of 2010.

Zhang said that China's mechanical and electrical industry features complete industry categories, a high degree of concentration and significant economies of scale. The rapid economic development and the strong complementarity of China and Russia provide a broad space for business cooperation between the two countries. It is expected that by 2015, the China-Russia bilateral trade volume of mechanical and electrical products will reach 30 billion U.S. dollars.

By People's Daily Online
 
 
     
 
 
 
     
 
 
 
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(Editor:张茜)

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