China-russia all-round cooperation is pragmatic and efficient

In 2023, China-Russia friendly and mutually beneficial cooperation has yielded fruitful results. Under the strategic guidance of the two heads of state, bilateral economic and trade exchanges have reached a new high and practical cooperation in various fields has flourished. From 2024 to 2025, with the holding of the China-Russia Culture Year, people-to-people exchanges between the two countries will be further deepened, laying a solid public support for bilateral relations.

From January to November 2023, the total trade volume between China and Russia reached 218.176 billion U.S. dollars, surpassing 200 billion U.S. dollars for the first time in history. At the end of the year, China and Russia once again had frequent interactions in the fields of finance and energy. At the same time, bilateral trade between China and Russia has reached its target ahead of schedule.

China-russia economic and trade cooperation has successfully overcome adverse external factors and maintained steady and sound development. The goods exported by both sides are also characterized by diversification.

Among them, the mechanical equipment category has a bright performance, involving industrial machinery, transportation equipment, agricultural machinery and other fields. China's exports of industrial machinery to Russia include power generation equipment, tower cranes, mining machinery, Construction Hoist, metallurgical equipment and so on.

Electronic products occupy an important position in international trade, China's export of electronic products to Russia, including smart phones, televisions, computers, cameras, etc., are widely welcomed in the Russian market, to meet the Russian people's demand for high-quality electronic products.

Other products such as textiles, chemicals, food products and cars and spare parts are important components of Sino-Russian trade.

With the steady progress of investment and project cooperation between the two countries and the improvement of the cooperation mechanism, the two countries will continue to explore new growth points of economic and trade cooperation in the future to help the high-quality development of economic and trade cooperation. Based on the economic and trade achievements of China and Russia in the past two years, some Russian experts said that the trade between the two countries is undergoing qualitative changes.

Amity between the people is the key to state-to-state relations, and amity between the people is the bond of hearts. The year 2024-2025 is the Year of China-Russia Culture, and a series of projects and activities are being prepared to promote cultural exchanges and promote people-to-people ties. We have every reason to believe that through people-to-people ties, China-Russia all-round cooperation will make greater achievements.

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