Economic News

China-Russia Trade Surges 30 Percent in 2018, On target to Exceed $100 Billion

Trade between BRICS allies China and Russia has increased about 30 per cent in the first quarter of 2018, Chinese officials said.

The uptick in exchange between the two economic giants will take their trade to $100 billion in 2018, Ministry of Commerce spokesman Gao Feng told reporters on Thursday.

Gao said that this year’s trade volume would surpass last year’s which was $84 billion – a 21 per cent rise over 2016.

In the past few years, multi-sector ties have been strengthened between China and Russia.

Source: russia-insider.com

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