“Two-way trade between China and Russia will reach an all-time high of 1.74 trillion yuan ($237 billion) in 2024, data from China’s General Administration of Customs showed on Monday.”, — write: epravda.com.ua
The volume of bilateral trade between China and Russia in 2024 has reached a historic high of 1.74 trillion yuan ($237 billion), data from the General Administration of Customs of the People’s Republic of China showed on Monday. Ruters writes about this. According to the data, the annual growth rate of yuan-denominated trade in 2024 was 2.9%, significantly lower than the rate in 2023, when turnover in monetary terms jumped by 32.7%. China’s yuan-denominated goods shipments to Russia rose 5.0% in 2024, but growth slowed from a 53.9% jump in 2023.Advertisement: Russian exports to China rose to 1% last year compared to 18.6% growth by the end of 2023. In dollar terms, trade turnover reached $244.8 billion compared to $240.1 billion in 2023, according to data from the China Customs Service.