🇷🇺🇨🇳 The development of economic relations between Russia and China is becoming increasingly important for both countries.

Since the end of 2022, China has been Russia’s leading trading partner. Trade between Russia and China rose to $190.27 billion in 2022, a 29.3% rise.

In 2021, the trade turnover between Russia and China amounted to $146.887 billion, which is 35.8% more than in 2020.

An important factor that will contribute to the increase in trade between Russia and China is the improvement of the system of mutual settlements in national currencies.

In this regard, the further large-scale rejection of the dollar and the euro in favour of national currencies in mutual settlements, the simplification of banking and commodity settlements between countries, and the development of the digital rouble and digital yuan will contribute to a further systematic increase in trade flows, writes Anastasia Stepanova.

https://valdaiclub.com/a/highlights/trade-between-russia-and-china-factors-and-limits/

#EconomicStatecraft #China #economy #trade

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