Photo: Aly Song / Reuters
The trade turnover between China and the United States at the end of 2017 amounted to 3.95 trillion yuan (about 600 billion dollars), informs the Agency “Xinhua”. During the year it increased by 15 percent.
During the same period, the turnover of China and Russia totaled $ 84 billion — seven times smaller. Compared with the year 2016 it has grown by almost 20 percent.
As noted, Chinese exports to Russia grew 14.8 percent to 42.9 billion dollars, and imports from it increased by 27.7 per cent to 41.2 billion dollars. Therefore, the deficit of Russia in trade with China fell to $ 1.7 billion.
Thus the balance of payments of China in trade with the United States once again turned positive and amounted to 276 billion dollars. This figure was a record. The previous high was set in 2015 ($260 billion).
Moscow and Beijing hope to bring bilateral trade to 200 billion dollars by 2020.
Video, photo All from Russia.