China

China-Russia Trade Reaches New High With Over 40% Jump – CNN

 

Bilateral trade between China and Russia reached a new peak in 2023, rising more than 40% between January and May, as compared to the same period last year, CNN reported, citing data from China’s General Administration of Customs.

Trade between the two countries was worth more than $93.8 billion, the report said. Chinese exports to Russia saw a 75.6% jump during the period, compared to 2022, the report added. The data highlights how Beijing has maintained its ‘no limits’ partnership with Moscow, despite Western criticism in light on Russia’s invasion of Ukraine.

Read the full report: CNN.

 

Also read:

 

China, India Imports of Russian Oil Surge to Record Highs

 

China Drops Dollar for Yuan in $88bn Russia Commodity Trade

 

China’s Yuan is Now the Most Traded Currency in Russia

 

Shipments of Russian Gold to UAE Soar Since Ukraine War

 

Russia Gives China Access to Vladivostok After 163 Years – TC

 

Vishakha Saxena

Vishakha Saxena is the Multimedia and Social Media Editor at Asia Financial. She has worked as a digital journalist since 2013, and is an experienced writer and multimedia producer. As a trader and investor, she is keenly interested in new economy, emerging markets and the intersections of finance and society. You can write to her at vishakha.saxena@asiafinancial.com

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