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China-Russia trade booming

China-Russia trade booming

BEIJING: Russian Prime Minister Dmitry Medvedev said Moscow and Beijing will make additional efforts to increase bilateral trade to US$200 billion over the next 3-7 years, with various preferential trade rules being considered, reports RT.

Russian Deputy Prime Minister Dmitry Rogozin, who met with China’s Vice Premier Wang Yang on Monday highlighted the booming trade: “The bilateral trade [between Russia and China – Ed.] is still demonstrating robust growth… China’s trade with Russia demonstrated the best recovery dynamics compared with other main international partners, including the EU, ASEAN, USA, Japan and the Republic of Korea.” Wang noted that the two countries have extended collaboration in fields such as nuclear energy, civil aviation, space, and agriculture, while aircraft construction, the exploration of the Arctic and cooperation regarding the digital economy are also on the agenda of Russia-China talks.