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    A man rides with a Russian flag displayed on his pedicab in Beijing's Russian trade district of Yabaolu. file photo

    China-Russia Trade Turnover Drops 17% in July - Chinese Customs

    © AFP 2019 / LIU Jin
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    Trade volume between China and Russia in July dropped by 17 percent to 5.673 billion compared with the same month last year, the Chinese General Administration of Customs said in a report Monday.

    BEIJING (Sputnik) — According to the report, in July, China's exports to Russia amounted to $3.3 billion, while imports from Russia were at $2.3 billion. In July last year, the trade volume between China and Russia reached $6.64 billion.

    Total bilateral trade volume for the period between January and July reached $37.4 billion, which is 0.9 percent less than last year. At the same time, China's exports to Russia grew by 7.7 percent, while imports from Russia fell by 8.8 percent, according to the Customs.

    Last year, trade volume between China and Russia has decreased by 28.6 percent and amounted to $68.06 billion.

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

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