MOSCOW, February 11 In 2023, Russia became the leader in terms of growth in trade turnover among China’s partners; with the USA and Japan, China’s trade dynamics fell, said the interview with director of the first department of Asia Ivan Zhelohovtsev.
“
"Last year, Russia actually became the leader in the rate of growth of trade turnover among the main partners of the PRC. With many other countries, including the United States, Japan and the Republic of Korea, China’s trade dynamics have gone into the negative, quite noticeably,” he said.
According to the diplomat, this allowed Moscow to make a significant breakthrough and move up to fourth position in the overall country ranking of Beijing’s foreign trade counterparties, trade with which in 2023 exceeded the threshold of 200 billion US dollars.
«According to Chinese data, we have exceeded this symbolic mark, initially planned by the leaders for 2024, by quite a bit, by 40 billion. For comparison, this was the entire Russian-Chinese trade turnover in 2007,» — Zhelohovtsev said.
He added that now over 90% of bilateral payments are already carried out in national currencies, so it is more correct to say that trade between the two countries is about 20 trillion rubles or almost 1.6 trillion yuan.
Read the full text of the interview with Ivan Zhelohovtsev >>