05:27 GMT +322 January 2020
Listen Live
    Business
    Get short URL
    1235
    Subscribe

    China’s bilateral trade with Russia climbed by 0.7 percent in April.

    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.

    Related:

    Russia-China January Trade Turnover Down 8.9%
    Russia Mulls Trading With China, Iran in National Currencies
    Russia-China Trade Turnover Not to Reach $200Bln by 2020
    Tags:
    trade, China, Russia
    Community standardsDiscussion
    Comment via FacebookComment via Sputnik