China

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

Chinese President Xi Jinping shares a toast with his Russian counterpart Vladimir Putin at the Kremlin. This photo was released by Russian state media (pool photo by Pavel Byrkin).

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.

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Vishakha Saxena

Vishakha Saxena is the Multimedia and Social Media Editor at Asia Financial. She has been working as a digital journalist since 2013, and is an experienced writer and multimedia producer. As an eager stock market trader and investor, she is keenly interested in economy, emerging markets and the intersections of finance and society. You can tweet to her @saxenavishakha