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Bi-Lateral Bounce: Russia-China Trade Spiked in April, Q1 After 2015 Slump

© AFP 2021 / LIU JinA man rides with a Russian flag displayed on his pedicab in Beijing's Russian trade district of Yabaolu. file photo
A man rides with a Russian flag displayed on his pedicab in Beijing's Russian trade district of Yabaolu. file photo - Sputnik International
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China’s bilateral trade with Russia climbed by 0.7 percent in April.

Chinese man stands near a screen displaying the Chinese national flag - Sputnik International
April Export Volume in China Drops by 1.8%, Defying Forecasts
BEIJING (Sputnik) – China’s bilateral trade with Russia climbed by 0.7 percent to $5.59 billion in April, China’s General Administration of Customs data published Sunday indicated.

Chinese exports climbed by 4.4 percent to $2.7 billion from April 2015, while imports from Russia declined by 2.8 percent to $2.89 billion, the data showed.

First-quarter figures announced on April 13 demonstrated 3.6-percent growth in Russian-Chinese trade at $14.2 billion.

Year-on-year, the volume of trade between the countries fell by 28.6 percent to $68.06 billion in 2015. In March, Russia’s trade envoy to China told Sputnik he expected bilateral trade between the two neighboring nations to recover from the slide and grow this year.

China’s total trade also fell in 2015 as the yuan lost value and the country’s economic growth slowed down to the lowest rate in over 25 years, prompting the national government to announce economic reforms.

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