The trade of machinery and electronic products between China and Russia has experienced momentum during the recovery after the global financial crisis, Zhang Yujing, head of the China Chamber of Commerce for Import and Export of Machinery and Electronic Products, said on Tuesday.
He expected the bilateral trade of machinery and electronics to reach 30 billion U.S. dollars by the end of 2015.
According to data from the chamber, China exported 13.51 billion U.S. dollars of machinery and electronic products to Russia last year, an increase of 85.1 percent over the previous year.
In the first two months of this year, the bilateral trade of machinery and electronic equipment between China and Russia rose 56.7 percent from a year before to 2.38 billion yuan, Zhang said at a news conference.
As the world's second largest economy, China provides many opportunities for Russian companies, especially makers of high-tech machinery products, Zhang said.
The two countries have room for bilateral cooperation in the machinery and electronics sectors, as both China and Russia developed quickly and their companies are highly complementary, he noted.
Furthermore, Zhang added that China would continue to encourage competitive domestic companies to invest in Russia.
Weekly review
He expected the bilateral trade of machinery and electronics to reach 30 billion U.S. dollars by the end of 2015.
According to data from the chamber, China exported 13.51 billion U.S. dollars of machinery and electronic products to Russia last year, an increase of 85.1 percent over the previous year.
In the first two months of this year, the bilateral trade of machinery and electronic equipment between China and Russia rose 56.7 percent from a year before to 2.38 billion yuan, Zhang said at a news conference.
As the world's second largest economy, China provides many opportunities for Russian companies, especially makers of high-tech machinery products, Zhang said.
The two countries have room for bilateral cooperation in the machinery and electronics sectors, as both China and Russia developed quickly and their companies are highly complementary, he noted.
Furthermore, Zhang added that China would continue to encourage competitive domestic companies to invest in Russia.
Weekly review
