Latest News:  
Beijing   Cloudy/Sunny    23 / 10   City Forecast

Home>>China Business

China becomes Russia's biggest trading partner

(Guangming Daily)

15:28, October 09, 2011

Edited and Translated by Yao Chun, People's Daily Online

According to Chinese customs officials, China has become Russia's biggest trading partner.

Exports and imports between the two countries totaled 50.8 billion U.S. dollars from January to August of this year, up 43.7 percent compared with the same period last year,.

This year is the 10th anniversary of the signing of China-Russia Good Neighborly, Friendly Relations and Cooperation Treaty and the 15th anniversary of the establishment of a strategic cooperative partnership between these two countries.

At the third meeting of the China-Russia Customs Cooperation Committee, which was held on Oct. 7, both sides agreed that the customs should seize the new opportunities for rapid development of bilateral relations, further deepen cooperation and make contributions to achieve the bilateral trade targets of 100 billion U.S. dollars before 2015 and 200 billion U.S. dollars before 2020.

Yu Guangzhou, director of General Administration of Customs said that the economies between China and Russia are strongly complementary to each other and bilateral trade presents a good development momentum. However the "Gray Trade and Strict Customs" between China and Russia still exists.

Both sides should continue to strengthen cooperation, facilitate customs clearance, carry out clearance knowledge training for enterprises as well as make joint efforts to Combat smuggling.


Leave your comment0 comments

  1. Name


Selections for you

  1. China commemorates centenary of 1911 Revolution

  2. Briton's eye keeps his design on track

  3. China announces first cuts in gasoline, diesel prices in 16 months

  4. Xinhai Revolution trigger magnificent change of Asia

Most Popular


  1. China's economic strategy needs revision
  2. Jobs' death highlights China's creative fight
  3. US Senate currency legislation a farce
  4. Why are 26 million Chinese depressed?
  5. Q&A with Michigan Gov. Rick Snyder
  6. Will China be Europe's savior?
  7. Taiwan arms sales becomes US political spell
  8. Mutual trust needed for nations' common progress
  9. China's SMEs now stranded in credit crunch

What's happening in China

A role of his own

  1. Survey: Beijingers say prices unbearable
  2. Jilin province launches first train tour to DPRK
  3. Guangdong cops bust cross-border telecom scam
  4. 17,000 evacuate after heavy rains
  5. NW China pilgrims leave for Mecca

PD Online Data

  1. Challenge to the traditional view of love and marriage
  2. House means happiness? Young Chinese' home-owning dream
  3. Fighting AIDS,China is acting
  4. Worldwide Confusius Institutes
  5. Chinese Qingming Festival