Trade between China and Russia reached a brand new file excessive final yr, official knowledge shared by Chinese customs confirmed Monday, reflecting sturdy financial ties between the nations regardless of Western sanctions on Moscow.
Combined imports and exports with Russia totaled $244.8 billion in 2024, in keeping with figures printed by China’s General Administration of Customs, up barely from $240.1 billion in 2023.
Last yr’s uptick introduced commerce between the big neighboring nations to a historic excessive, although it represented a lot slower development than the 26.3% year-on-year surge recorded the earlier yr.
Political and financial ties between Beijing and Moscow have deepened since Russia’s invasion of Ukraine in early 2022, drawing intensive criticism from the United States and different Western nations, which have applied robust sanctions in response.
China has sought to place itself as a impartial occasion within the disaster and has repeatedly declined to sentence Moscow’s invasion.
Chinese President Xi Jinping lately informed Russian counterpart Vladimir Putin in a New Year’s message that the nations “have consistently moved forward hand-in-hand along the correct path of non-alignment.”
Meanwhile, 2024 noticed commerce between China and the U.S. – the world’s high two economies – rise 3.7% year-on-year to succeed in $688.3 billion, Chinese customs knowledge confirmed.
U.S. President-elect Donald Trump, who slapped sweeping tariffs on China in his first time period, has threatened much more aggressive commerce measures in his second stint within the White House, as a result of start subsequent week.
Source: www.dailysabah.com