Russia-China January Trade Turnover Down 8.9%

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Bilateral year-on-year trade turnover between Russia and China declined by 8.9 percent in January, China’s General Administration of Customs (GAC) data indicated Monday.

BEIJING (Sputnik) – Russian-Chinese trade in January amounted to $4.99 billion, against a 4.2-percent drop in Chinese exports to $2.71 billion. Chinese imports were down 13.9 percent last month, totalling $2.28 billion.

In annual terms, Russian-Chinese trade turnover fell by 28.6 percent to total $68.06 billion.

As part of his visit to China in 2014, Russian President Vladimir Putin disclosed plans to increase bilateral trade to $200 billion by 2020.

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