RUSSIA-CHINA TRADE SURGES 26% IN FIRST HALF OF 2017

[Masha Sha]

Trade between Moscow and Beijing has increased significantly in the first six months of the year, according to the Chinese customs administration.
Through June, trade between Russia and China was worth $39.78 billion. Russian exports increased 29.3 percent to $20.34 billion, while Chinese exports to Russia were up 22.2 percent to $19.44 billion.
In 2016, trade between Moscow and Beijing grew only 2.2 percent to $69.52 billion. The countries have set a goal to boost trade to $200 billion by 2020.
In July, the Russian Direct Investment Fund and the China Development Bank (CDB) agreed to establish a Russian-Chinese investment fund worth 68 billion yuan ($10 billion). It was created to make settlements in ruble and yuan easier.
Both Moscow and Beijing have repeatedly talked about the importance of payments in local currencies for bilateral trade.

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Meanwhile the us traitors roam free...

Usd will become toilet papers... even so it may sucks and scratch.

[Sithara007]

You are forgetting a few of the important facts. The Russia-China trade is showing such a huge increase partly due to the fact that it was built from such as low base. Also, there was a decline in the bilateral trade between the two countries since 2012. Compare the US-China trade volumes with the Russia-China trade volume, and you will get a fair idea about it.

[Idrisu]

That is creating an alternative trading partners since USD decided to fight from all front. I think this post or news will grading the heart of most countries that promote made in china and more opportunities to come in future. USD need to do mind realignment in other to remain the world power in years to come.

[Masha Sha]

You are forgetting a few of the important facts. The Russia-China trade is showing such a huge increase partly due to the fact that it was built from such as low base. Also, there was a decline in the bilateral trade between the two countries since 2012. Compare the US-China trade volumes with the Russia-China trade volume, and you will get a fair idea about it.

What you are forgetting is that exponential take off is part of china history and culture...



Then it's time to think about the path of the maglev air viod underground transportation network...

That is creating an alternative trading partners since USD decided to fight from all front. I think this post or news will grading the heart of most countries that promote made in china and more opportunities to come in future. USD need to do mind realignment in other to remain the world power in years to come.

The problem isn't that much the usd per se, but the corruption and cronyism ruling d.c. Enquiry over benghazi? Gmo producing neurotoxins? Biggest jailed population? Flint michigan water pollution? Illinois collapse? Remove the make up and what's left is frankly disgusting... former president flying many times with a convicted pedophile, even visiting his private island... universal basic income for those holding assets in the form of fed printing, bail out of failed corporations and those looters keep their wealth, and if you want to go deeper start with the mind control pills and chemical jailing... maybe the last was half black, the one before a rancher and then new one a a builder for the same people from foreign nation who put their loot inside the usa... brothers in crimes.

But who cares anyway, those who know aren't stupid to fight those corrupts and criminal elements... way smarter to raise asset price and move along until the day of the one reversal... i am curious how they are gonna settle the counter party risks of this one...

[Prem.Soorajpaul]

I am not surprised. They are neighboring nations. And on top of that Russia is resource rich, and China is resource hungry. Can't find a better combination anywhere else.