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Russia China
24.12.22 09:30

Union of Chinese Entrepreneurs in Russia held a solemn reception

Participants of the event summarised the results of cooperation between Russia and China for 2022

The outgoing year 2022 was marked by a positive trend in trade cooperation between Russia and China. The participants of the New Year reception for the business communities of the two countries were congratulated by Ambassador Extraordinary and Plenipotentiary of the People's Republic of China to Russia Zhang Hanhui.

"Under the strategic leadership of our heads of state, Sino-Russian relations have achieved unprecedented results. In the first 11 months of the year China-Russia bilateral trade crossed the $170 billion mark, an increase of 32% compared to the same period last year," the diplomat said.

Participants in the meeting suggested that the goal set by the heads of state - $200 billion in bilateral trade by 2024 - could be achieved much sooner.

"Now Chinese companies, you see, are very interested in opportunities to participate in trade cooperation between Russia and China. I think trade, goods turnover and investment will grow in the new year, 2023," said Zhou Liqun, chairman of the Union of Chinese Entrepreneurs in Russia.

Cooperation in the key areas of interaction between the two countries - energy, transport and investment - has also reached a higher level.

"Logistics is crucial to the development of trade. This year, the road bridge between Blagoveshchensk and Heihe has already been fully commissioned, and more recently the railway bridge has been put into operation. The volume of accumulated direct investment from China to Russia increased by 75% in the first half of this year alone," said Ivan Melnikov, first deputy chairman of the Russian State Duma.

Despite the impact of the pandemic, Russia and China have managed to maintain and strengthen their trade and economic cooperation. Participants agreed that the countries would show even more impressive progress in the future. In the coming year, Russia and China will continue to strengthen project cooperation and use scientific and technological innovation, green and low-carbon technologies as new points of growth.


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