Sino-Russian trade volume expected to increase by 30% this year

Release time:

2019-05-18

2019 marks the 70th anniversary of the establishment of diplomatic relations between Russia and China. On May 15, the Russian International News Agency today held a Moscow Beijing video conference on "commemorating the 70th anniversary of the establishment of diplomatic relations between Russia and China: positive experience in the development of economic relations between the two countries". During this period, guests from the two countries reviewed the history, summarized the positive cooperation experience between the two countries in recent years, and looked forward to the prospects for future cooperation and development.

In the 1950 s, the former Soviet Union helped China's economic recovery and the reconstruction of production facilities. Natalia Mamayena, director of the Sino-Russian History Research Center of the far East Institute of the Russian Academy of Sciences, said: at that time, the friendship between the former Soviet Union and the Chinese people reached a very high level. We very much hope that the people of China and Russia will also raise their friendship to such a high level.

Su Fangqiu, minister of the Chinese Embassy in Russia, said: there is an old Chinese saying that we should learn from history. We will not forget the help of the former Soviet Union at that time, which laid the foundation for the reconstruction and development of China's industry. It also brought a lot of help to the young the People's Republic of China at that time. Without the aid projects of the former Soviet Union at that time, China would not have developed today. These historical foundations will further promote the development of Sino-Russian relations.

Sergei lujanin, director of the Far East Institute of the Russian Academy of Sciences, also said that these foundations play an important role in promoting the development of bilateral relations today. He said that although the current technology has made great progress and China has more advanced and advanced equipment than the former Soviet Union's assistance, looking back at the history of the former Soviet Union's assistance to China, the assistance is to establish a strategic partnership. Today, China and Russia still want to establish a strategic partnership, and this period of history is the bridge that passed through in the 1950 s. This bridge has always existed and linked the two peoples together.

Sergey Lujianin also analyzed that the current difficult situation of Sino-US economic and trade relations has given new development opportunities for Sino-Russian relations, and Sino-Russian trade can partially make up for the resulting trade imbalance. China and Russia have the obligation to increase mutual investment, further increase the trade volume between the two countries, and strengthen cooperation under the framework of China's "Belt and Road" initiative and Russia's Eurasian Economic Union, and work together to develop the markets of Eurasia. He believes that Sino-Russian trade still has broad room for growth in the four areas of liquefied natural gas, military industry, e-commerce and agricultural products. Cooperation in these four areas will bring new growth points to Sino-Russian trade. He also predicted that the trade volume between China and Russia is expected to increase by 28%-30% this year.

(Source: Economic Daily)

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