The investment and trade between China and Russia keep growing
rapidly in recent years, Chinese Deputy Trade Minister Yu Guangzhou
told a press conference?on Thursday.
The border trade between China and Russia reached US$7 billion
last year, accounting for 20 percent of the whole bilateral trade
of the two countries, Yu said.
The bilateral trade between the two countries has kept growing
at a pace of over 30 percent each year from 1999 to 2005, and
leaped 15 percent over the last year, Yu said, adding that Russia
now places eighth among China's main trade partners, and China the
fourth of Russia.
According to the minister, China has invested in over 700
projects in Russia, adding up to US$1 billion. Russia also invested
US$70 million in China. Those projects involve energy and resources
exploiture, timber processing, home appliances making,
telecommunications and building materials.
(Xinhua News Agency March 2, 2007)