BEIJING, Oct 20 Imports from China to Russia have increased significantly this year, trade in general remains balanced, the head of the Ministry of Economic Development Maxim told reporters in Beijing Reshetnikov.
«This year our imports from China have increased significantly. It is clear that those niches that have become free are largely occupied by Chinese products, and this is what we need, because the yuan that we receive from trade is including with China and third countries, we are directing it towards the purchase of necessary imports,” Reshetnikov said.
He pointed out that this is not only consumer import, but also intermediate import.
«That is, what we need to produce goods here within the framework of cooperation. This is also investment import, what we need to continue our investment projects. Therefore, this is a good figure, in this In this case, imports are growing, but exports are also growing at the same time,” the minister noted.
Overall, he said, trade remains balanced.
«Now there is a certain negative balance, specifically in trade, but this is, in general, a normal situation, because we need this import,» he noted.