Connect with us

Hi, what are you looking for?

DOGE0.070.84%SOL19.370.72%USDC1.000.01%BNB287.900.44%AVAX15.990.06%XLM0.080.37%
USDT1.000%XRP0.392.6%BCH121.000.75%DOT5.710.16%ADA0.320.37%LTC85.290.38%
THE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & LifestyleTHE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & Lifestyle

Economy

Economy

China’s export and import growth with Russia quickens in September

Containers and trucks are seen following a snowfall at the port of Qingdao, Shandong province, China... Containers and trucks are seen following a snowfall at the port of Qingdao, Shandong province, China February 14, 2019. REUTERS/Stringer/File photo
Containers and trucks are seen following a snowfall at the port of Qingdao, Shandong province, China... Containers and trucks are seen following a snowfall at the port of Qingdao, Shandong province, China February 14, 2019. REUTERS/Stringer/File photo

Listen to the article now

China’s export and import growth with Russia quickens in September. China’s customs statistics indicated on Friday that its exports and imports to Russia increased more quickly in September than in August, as it pushed for closer commercial links with its neighbor despite opposition from the West.

According to calculations by Reuters based on customs data, Chinese exports to Russia increased 21% to $9.6 billion in September from a year earlier, accelerating from a 16% surge in August.

After increasing 3% in August, imports from Russia increased by 8% to $11.53 billion last month.

According to data from the Chinese General Administration of Customs, bilateral trade value increased to $21.18 billion in September, the highest level since February 2022, when Russia started the conflict in Ukraine.

Due to Western sanctions, Russia has turned to China for economic help, profiting from Chinese demand for oil, gas, and grain.

According to China’s Commerce Minister Wang Wentao, following the “strategic guidance” of their two presidents, economic and commercial ties between the two countries have grown and become more “solid” in recent months.

Chinese customs recently announced that China had opened the door for the entry of pork from regions of Russia free of African swine disease.

Next week, President Vladimir Putin will go overseas for the first time to attend China’s Belt and Road Forum.


Comment Template

You May Also Like

Economy

Lennar Corp beat Wall Street forecasts second-quarter profit on Monday, helped by strong demand for new homes as the U.S. homebuilder slashed base pricing...

Politics

Senator Sherrod Brown’s office announced that Federal Reserve Chair Jerome Powell will make his semiannual monetary policy testimony at the Senate Banking Committee on...

Finance

The S&P 500 and Nasdaq closed at new highs on Monday as technology companies rose on artificial intelligence euphoria ahead of this week’s economic...

Economy

In May, energy prices declined, lowering U.S. import prices for the first time in five months and boosting domestic inflation. Friday’s unexpectedly benign Labor...

Notice: The Biznob uses cookies to provide necessary website functionality, improve your experience and analyze our traffic. By using our website, you agree to our Privacy Policy and our Cookie Policy.

Ok