Manturov admitted the possibility of expanding trade with China

Russia sees opportunities for a significant expansion of the range of supplies in trade with China, Deputy Prime Minister – Minister of Industry and Trade Denis Manturov said at a meeting of the subcommittee on cooperation in the field of industry of the Russian-Chinese commission for the preparation of regular meetings of heads of government. About it reported on the cabinet website.

Jin Zhuanglong, Secretary of the Party Committee of the Ministry of Industry and Informatization of China, took part in the online meeting, the discussion was devoted to cooperation in significant areas. “The main contribution to the development of bilateral trade, of course, is made by industrial products. Its share in the trade turnover is now about 55%, and we see opportunities to significantly expand the range of supplies, and in both directions,” Manturov said.

August 5 Chinese Foreign Minister Wang Yi informed Russian Foreign Minister Sergey Lavrov that China expressed a desire to strengthen strategic cooperation with Russia after the visit of Speaker of the US House of Representatives Nancy Pelosi to Taiwan. The Chinese diplomat also noted that Moscow’s position on the Taiwan issue shows a “high level” of Russian-Chinese relations. According to him, Russia and China “together uphold equality and justice in the world.”

August 15 Chairman of the State Duma Vyacheslav Volodin invited Speaker of the Chinese Parliament Li Zhanshu to pay an official visit to Russia in September 2022. The lower house of Parliament noted that he could also visit and Eastern Economic Forum in Vladivostok.

By words Director of the Department of Economic Cooperation of the Ministry of Foreign Affairs of the Russian Federation Dmitry Birichevsky, cooperation between Russia and China “is growing at an enormous pace.” Trade turnover between Russia and China in January-July 2022 increased by 29% year on year, to $97.7 billion, the General Administration of Customs of the People’s Republic of China said earlier. China’s exports to Russia over the same period increased by 5.2% to $36.3 billion. Russia’s imports to China increased by 48.8% (to $61.45 billion). The Russian and Chinese authorities agreed to increase the volume of bilateral trade to $200 billion a year.