Sino-Russian trade surges 56pc in first five months

FROM January to May, the trade between China and Russia surged 56 per cent year on year to US$21 billion, Xinhua reported.

Export from China to Russia grew 54 cent to $9.3 billion. Imports from Russia to China increased 57 per cent to $11.7 billion.

Affected by the economic downturn, the Sino-Russian trade dropped sharply in 2009, but has strongly recovered this year.

According to Qiu Hong, assistant minister of Commerce of China, the fast rebound is a result of the closer economic cooperation between the government of China and Russia on electricity transmission, construction of infrastructures and exploitation of nature resources. 
(Source:www.schednet.com)