Sino-Russian trade poised to bounce back

0 CommentsPrint E-mail China Daily, August 4, 2010
Adjust font size:

Russian customers checking Chinese tea products at an open market in Heihe, Heilongjiang province. [China Daily]

Russian customers checking Chinese tea products at an open market in Heihe, Heilongjiang province. [China Daily]

Notwithstanding the economic uncertainties in the coming months, Sino-Russian trade is expected to grow rapidly with bilateral trade volumes expected to touch US$55 billion this year, a Russian trade official said on Tuesday.

The robust trend in exports during the first-half of the year is expected to continue in the second half also, and China may see a trade surplus with Russia, said Sergey Tsyplakov, trade representative of the Russian Federation in China.

Sino-Russian trade began to pick up this year after a lull last year due to the global financial crisis. During the first half of this year, bilateral trade volumes surged by 51.6 percent to US$25.7 billion. China exported goods worth US$11.8 billion to Russia, while the nation's imports stood at US$13.9 billion.

Russia's emergence from the financial crisis and China's high economic growth are positive factors for trade growth in the second half. However, trade volumes will not be much higher than the first half and the figures for the whole year may be around US$54 to US$55 billion, compared with US$56.8 billion in 2008, said Tsyplakov.

But, there are still many uncertainties that may impact the trade, such as China's economic slowdown, he said.

China's gross domestic product increased by 10.3 percent year-on-year in the second quarter, slower than the 11.9 percent growth in the first quarter, but still the fastest growth worldwide.

Between January to June, China's exports to Russia increased by 59 percent over the same period in 2009. Prominent among the export goods were textiles, chemicals and industrial goods. The growth accelerated during the second quarter, with exports surging by 91 and 84 percent in May and June.

"While demand from Russia for Chinese goods continues to increase, the high growth (for China's exports to Russia) pace will remain for some time, but will not exceed 80 to 90 percent," said Tsyplakov.

With most of the developed markets like the United States and European Union plagued by the economic slowdown and high unemployment, China has shifted its focus to emerging markets to boost exports. In June, exports to Russia and Brazil grew by 84 and 125 percent respectively, while exports to the US and EU surged by only 40 percent.

During the first half, Russian GDP grew by 4.2 percent year-on-year, and expectations are that the annual growth target will be revised from the earlier forecast 4 percent.

"In the second half, China's exports to Russia will outperform imports in terms of value and growth," said Tsyplakov.

Though anti-dumping cases between the two nations here increased, such measures will not have any short-term impact on bilateral trade, said Tsyplakov. "At the same time both the nations should be cautious in initiating such cases."

Print E-mail Bookmark and Share

Go to Forum >>0 Comments

No comments.

Add your comments...

  • User Name Required
  • Your Comment
  • Racist, abusive and off-topic comments may be removed by the moderator.
Send your storiesGet more from China.org.cnMobileRSSNewsletter
主站蜘蛛池模板: 法国性经典xxxxhd| 色屁屁www欧美激情在线观看 | 中文字幕视频免费在线观看| 最近中文字幕完整版免费| 亚洲日韩一页精品发布| 97精品依人久久久大香线蕉97| 怡红院亚洲色图| 久久99国产综合精品| 日韩成人免费视频播放| 亚洲va久久久噜噜噜久久 | 2019天天干天天操| 国语对白在线视频| a级毛片高清免费视频就| 尤物视频网站在线| 三级三级久久三级久久| 新婚侵犯乐派影院| 久久久久久久99视频| 日本牲交大片无遮挡| 久久综合亚洲鲁鲁五月天| 棉袜足j吐奶视频| 亚洲伊人成无码综合网| 欧美性猛交xxxx乱大交蜜桃| 亚洲熟妇av一区二区三区宅男| 特黄特黄aaaa级毛片免费看| 国产又长又粗又爽免费视频| 色偷偷8888欧美精品久久| 国产精品成人无码视频| 69tang在线观看| 国产视频xxx| 91自产拍在线观看精品| 在线观看视频免费国语| a毛片在线观看| 天堂网www在线资源| gogogo高清在线播放| 女人18毛片a级毛片免费视频| 一区二区福利视频| 好看的中文字幕在线| 一级毛片一级毛片| 少妇高潮流白浆在线观看| 一个色综合高清在线观看| 女儿国交易二手私人衣物app|