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China-Russia 2024 trade value hits record high (www.reuters.com)

submitted 1 day ago by [email protected] to c/[email protected]

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The value of China's imports and exports with Russia reached 1.74 trillion yuan ($237 billion) in 2024, a record high, Chinese customs data showed.

[...]

China-Russia yuan-denominated trade value grew 2.9% in 2024 from 2023, according to the data by China's General Administration of Customs. The growth was significantly slower than the 32.7% gain in 2023.

Bilateral trade was disrupted by payment hurdles last year after the United States intensified sanctions on banks dealing with Russia, Reuters previously reported.

[...]

In dollar terms, China-Russia two-way trade value reached $244.8 billion, compared with $240.1 billion in 2023, Chinese customs data showed.

In an exchange of New Year greetings with Putin, Chinese President Xi Jinping said on Dec. 31 that China and Russia have always moved forward "hand in hand" on the right path.

[However, a video was circulating on Chinese social media, promoting China conquering parts of Siberia up.]

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