Trade volume between China and Russia exceeded 100 billion U.S. dollars by mid-December 2018, a record high, the Ministry¹ of Commerce (MOC) announced Thursday.

 

商务部周四宣布，截止2018年12月中旬中俄贸易总额已超1000亿美元，创新高。

 

Sino-Russia trade growth outpaced those between China and its other major trade partners, according to MOC spokesperson Gao Feng, calling 2018 a "genuinely fruitful year" for bilateral² economic and trade cooperation.

 

China remains³ Russia's largest trade partner, while Russia is China's tenth largest trade partner.

 

Bilateral trade structure also improved in 2018. Trade in mechanical and electrical products, high-tech⁴ products and agricultural produce rose 15 percent, 29 percent and 31 percent respectively in the first 11 months of 2018.

 

The two countries also partnered on energy, nuclear, aerospace⁵, cross-border infrastructure⁶ and other fields.

 

China is willing to work with Russia to lift bilateral economic and trade ties to a new phase on a larger scale with deeper dimension and higher levels, as 2019 marks the 70th anniversary of the establishment of diplomatic relations between the two countries, Gao said.

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