Trade between China and Russia registered an over 20 percent growth year-on-year in 2017 and there are still untapped potentials in their business cooperation, Chinese Premier Li Keqiang said Tuesday.

"Between our two economies, trade now stands at about US$80 billion. I believe we can work together to bump it up to US$100 billion through innovation and tapping potentials," Li said at a press conference after the conclusion of the annual national legislative session.

China and Russia are each other's biggest neighbors and a stable bilateral relationship is in the interest of both countries and the world, he added.