国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

Global EditionASIA 中文雙語Fran?ais
Business
Home / Business / Policies

Bilateral trade poised for steady growth

China-Russia cooperation expanding in traditional areas, emerging sectors

By Zhong Nan | China Daily | Updated: 2025-05-08 07:27
Share
Share - WeChat
A Russian vendor introduces roasted shrimp chips, milk powder and other Russian specialties to visitors at the food and agricultural products exhibition area during the 7th China International Import Expo in Shanghai on Nov 7. TIAN JIASHUO/FOR CHINA DAILY

China-Russia trade is expected to maintain growth momentum in the coming years, as both countries are actively strengthening business ties in manufacturing, green industries, cross-border e-commerce and other emerging sectors, said market watchers and exporters.

They said that with the improvement of logistics infrastructure, the rapid growth of China-Europe freight train services and rising demand for high-quality products on both sides, bilateral trade is set to grow steadily in the years ahead.

Highlighting that China has been Russia's top trading partner for 15 consecutive years, Chinese Ambassador to Russia Zhang Hanhui said that Sino-Russian trade has proved resilient amid external pressures, underpinned by strong drivers and complementary strengths.

Over 95 percent of bilateral trade is now settled in local currencies, said Zhang, adding that cooperation in traditional areas such as trade, investment, energy and aerospace continues to advance steadily, while collaboration in emerging sectors — including the digital economy, e-commerce, green energy, and scientific and technological innovation — is rapidly expanding.

Wan Zhe, a professor at Beijing Normal University who specializes in regional economic development, said Chinese exporters are intensifying efforts to provide products and services more suitable for the Russian market, while Russian companies are expanding their footprint in China with upgraded agricultural goods, food products and energy supplies.

Against the backdrop of a sluggish global economic recovery, pragmatic cooperation between China and Russia has defied the trend, showing notable growth in volume, improvement in quality and overall stability, according to China's General Administration of Customs and the Ministry of Foreign Affairs.

China and Russia have seen strong momentum in emerging sectors such as scientific and technological innovation, vehicle manufacturing, cross-border e-commerce and medical equipment.

Bilateral trade reached $244.8 billion in 2024, marking a 1.9 percent year-on-year increase and representing a 48-fold increase over levels in the early 1990s.

Metals, crude oil, natural gas, pharmaceuticals, medical equipment, agricultural goods and chemical products are Russia's main shipments to China, said China's General Administration of Customs.

China exports mainly construction machinery, manufacturing equipment, steel, electronics, textiles, garments and household appliances to Russia. Chinese-made passenger vehicles and smartphones have also become popular in Russia in recent years.

Yi Xinlei, an associate researcher at East China Normal University's Center for Russian Studies in Shanghai, said that China will continue to deepen cooperation with Russia by consolidating trade in energy, minerals and agricultural and forestry products, while also fostering new growth areas in the digital economy, cross-border e-commerce and trade in services.

"Most imports between China and Russia are complementary rather than competitive," said Yi. "It is only natural for both countries to introduce new measures aimed at optimizing the trade structure and nurturing fresh drivers of growth to sustain the current momentum."

Huayu Electrical Appliance Group, a Ningbo, Zhejiang province-based company, saw its export value of small household appliances — mainly air fryers — to Russia reach 14.54 million yuan ($2 million) in the first quarter, jumping 72.4 percent year-on-year, statistics from Ningbo Customs showed.

"Fried foods are an essential part of daily life in Russian households. Air fryers are not only easy to use, but compared with traditional ovens and microwaves, they are smaller, lighter and easier to move and clean, as well as well-suited to consumer needs for automation, remote control and personalized settings," said Li Xi, head of the company's foreign trade unit.

Li said the company launched trial sales of its air fryer series in Russia in February 2024. The products were quickly embraced by Russian consumers, leading to a surge in demand.

Also upbeat about the Russian market, Lei Qingping, vice-president of Zhejiang Sanhe Kitchenware, a Ningbo-based producer, said Russia has been one of the company's key target markets in recent years.

"We have developed specialized products tailored to Russian cooking habits, and the market response has so far validated our strategy," said Lei.

Sanhe has achieved strong performance in the Russian market, with exports reaching 9.16 million yuan between January and March, up 70.7 percent year-on-year, according to Ningbo Customs.

Top
BACK TO THE TOP
English
Copyright 1994 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE
 
陈巴尔虎旗| 遵义市| 江安县| 上林县| 浦城县| 清河县| 志丹县| 康定县| 嘉定区| 和田县| 万年县| 麻阳| 常德市| 海兴县| 雷州市| 敦化市| 阜康市| 集贤县| 宝兴县| 盐山县| 新郑市| 云南省| 吉安县| 水城县| 卢龙县| 宣城市| 平昌县| 阿克陶县| 双鸭山市| 黄平县| 夏河县| 泽州县| 扶余县| 武城县| 重庆市| 大理市| 贡觉县| 景泰县| 麻阳| 玉屏| 冀州市|