Wednesday, June 1, 2011

Russia and China - are sensible partners

Cross-border trade between the two nations every year is gaining momentum. Today, the Second Moscow and Beijing was held video link with the participation of experts from the two countries. The results have impressed both sides. It turned out that in January-May 2010, trade between the two countries totaled $ 21 billion, up 56% over the same period last year. In addition, Chinese exports to Russia amounted to 9.32 billion (an increase of 54%), and the volume of Russian exports to China - 11.69 billion (an increase of 57%). China is now mostly imported from Russian raw materials and export products with high added value. Themselves as Chinese to invest in the establishment of processing facilities on Russian territory have not yet collected. They are much more like to develop natural resources of Siberia, to invest in energy projects, to develop transport infrastructure, to build road bridges. In the meantime, bets are made on the construction of oil pipeline "Eastern Siberia - Pacific Ocean", on which China provided a loan of 25 billion dollars. As noted by the deputy director of the Institute for Far Eastern Studies Sergei Luzyanin, Russia made an abrupt shift in energy cooperation with the West to East.

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