Russia-China Trade Forecasted to Hit Record $270–$275 Billion
What happened
Dmitry Chernyshenko, Deputy Prime Minister, held a working meeting with Chinese Ambassador Zhang Hanhui to discuss bilateral cooperation and trade. Chernyshenko stated that trade turnover between Russia and China is forecast to reach a record high of $270–$275 billion by the end of the year. The officials also noted they expect to fulfill the directive to reach a trade volume of $300 billion by 2030.
From sputnikglobe.com
Why it matters
The forecast reflects the high level of relations between the two countries, which are systematically implementing major joint projects in various areas. The record trade turnover is noted as a significant contribution to addressing regional and global agendas.
From sputnikglobe.com
Who's involved
- Dmitry ChernyshenkoDeputy Prime Minister who announced the record trade forecast between Russia and China.
- Zhang HanhuiChinese Ambassador who met with Dmitry Chernyshenko to discuss bilateral cooperation.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- mainland ChinaSpeculative
Mainland China might see its economy boosted via market price due to the record trade turnover and joint projects.
- ChinaSpeculative
China could see its market size and revenue increase due to the record trade turnover.
Keep exploring
The entities involved
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Xi Jinping
General Secretary of the Chinese Communist Party since 2012 (born 1953)
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Dmitry Chernyshenko
Russian businessman and politician
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