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Economy
In reply to the discussion: STOCK MARKET WATCH - Thursday, 22 March 2012 [View all]xchrom
(108,903 posts)66. Russia's one-sided trade affair
http://www.atimes.com/atimes/Central_Asia/NC23Ag03.html
Russia has repeatedly pledged to expand trade with China, the Kremlin apparently continuing to view commercial ties as an important indicator of what is officially described as a "bilateral strategic partnership".
The increasing bilateral trade reflects a successful development of Russian-Chinese economic cooperation, said Valentina Matviyenko, head of the Federation Council, the upper house of
the Russian parliament. Russia and China share a goal of further increasing bilateral trade up to US$100 billion in 2015 and $200 billion in 2020, she told China's official news agency Xinhua, which reported the comments on March 14.
The optimistic Russian official pronouncements happened to be based on reality. Last year, bilateral trade between Russia and China was up significantly. In 2011, Russia's trade with China reached $79.25 billion or up 42.7% year-on-year, according to the Chinese and Russian customs statistics.
In the meantime, Russia apparently continued to rely on commodities in its export policies towards China. Russia has kept supplying China with energy resources and raw materials in exchange for shipments of Chinese industrial products.
Russia has repeatedly pledged to expand trade with China, the Kremlin apparently continuing to view commercial ties as an important indicator of what is officially described as a "bilateral strategic partnership".
The increasing bilateral trade reflects a successful development of Russian-Chinese economic cooperation, said Valentina Matviyenko, head of the Federation Council, the upper house of
the Russian parliament. Russia and China share a goal of further increasing bilateral trade up to US$100 billion in 2015 and $200 billion in 2020, she told China's official news agency Xinhua, which reported the comments on March 14.
The optimistic Russian official pronouncements happened to be based on reality. Last year, bilateral trade between Russia and China was up significantly. In 2011, Russia's trade with China reached $79.25 billion or up 42.7% year-on-year, according to the Chinese and Russian customs statistics.
In the meantime, Russia apparently continued to rely on commodities in its export policies towards China. Russia has kept supplying China with energy resources and raw materials in exchange for shipments of Chinese industrial products.
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Thanks for following up on that, Po. It plays into Tansy's "shocked, shocked!" theme, too!
Demeter
Mar 2012
#3
Greece’s international creditors say risk-prone program may lead to missing 2020 debt target
Demeter
Mar 2012
#7
IS THIS WHY? Fool’s gold behind Beijing loan guarantees Firm accused of ‘wealth management’ schemes
Demeter
Mar 2012
#32
indeed. -- now NC isn't Mich -- but i certainly had the heat cut on in the mornings
xchrom
Mar 2012
#18
"US Senators roll call votes correlate strongly with the opinions of their rich constituents"
bread_and_roses
Mar 2012
#40