Exports from China to Russia have overcome the decline caused by financial sanctions, which was observed in March–April this year amid payment issues, and achieved annual growth of 1.8% by late spring and 5.1% in early summer.
Thus, in the first half of 2024, goods exports amounted to 366.81 billion yuan, increasing by almost 2% compared to the same period in 2023, RBC reported, citing information from the General Administration of Customs of China.
On the eve of these results, Chinese Ambassador to Russia Zhang Hanhui made a significant statement to Russian media: “In the face of trade payment and settlement problems caused by sanctions imposed by third countries, financial institutions of the two countries will continue strengthening communication and trust in the possibility of finding practical solutions.”
A key focus at the China Commodity Fair and China Machinery Fair expos will be banking companies, and financial experts will be featured in the business program. This approach will allow participants to discuss and find optimal solutions for mutual settlements.
Thus, in the first half of 2024, goods exports amounted to 366.81 billion yuan, increasing by almost 2% compared to the same period in 2023, RBC reported, citing information from the General Administration of Customs of China.
On the eve of these results, Chinese Ambassador to Russia Zhang Hanhui made a significant statement to Russian media: “In the face of trade payment and settlement problems caused by sanctions imposed by third countries, financial institutions of the two countries will continue strengthening communication and trust in the possibility of finding practical solutions.”
A key focus at the China Commodity Fair and China Machinery Fair expos will be banking companies, and financial experts will be featured in the business program. This approach will allow participants to discuss and find optimal solutions for mutual settlements.