Trade and economic cooperation between the regions of Russia and China is actively developing
Our relations with Russia are developing very rapidly. Last year, our volume (of foreign trade – Ed.) with Russia amounted to USD 964 million, that’s a 17% increase. Russia became our most important cross-border partner in Zhejiang Province — Che Jun, Secretary of the CPC Committee of Zhejiang Province.
For a number of years, China has been one of the main trade partners of the Republic of Buryatia, and ranks first in foreign trade volume of the Republic: 35% in 2017, 37% in the first half of 2018. In 2017 the foreign trade volume increased by 21% to the level of 2016. In the first half of 2018, growth continued and amounted to 17%. In 2017, the exports increased mainly due to an increment in supplies of hard coal, lumber and cardboard. Supplies of cardboard grew by 80%. Year over year, the growth in exports in the first half of 2018 was the result of a 6.5 times increase in the supply of cardboard — Alexey Tsedenov, Head of the Republic of Buryatia.
Since 2001, China has been the leader among the region’s foreign trade partners. In 2017, Irkutsk Region’s trade volume with China amounted to nearly USD 4 billion, an increase of 38% compared to the year before. The growth trend continued this year. Now we already see growth of foreign trade volume, which is more than 50% higher year over year — Sergei Levchenko, Governor of Irkutsk Region.
For several years, the People’s Republic of China has been among the top three trade partners of Sakhalin Region. With 2 billion US dollars, it came third in the foreign trade of the island region in 2017. Trade volume is growing: for six months of this year it increased by 10%. The structure of Sakhalin exports is largely based on commodities — Oleg Kozhemyako, Governor of Sakhalin Region .
In 2017, Russia’s trade with Liaoning Province amounted to RMB 27.9 billion and grew by 30%. By the end of 2017, Liaoning Province had already approved 182 investment projects in Russia for a total of USD 155 million — Chen Qiufa, Chairman of the People’s Government of Liaoning Province.
Our pragmatic cooperation has reached new heights. Our investments in Russia amounted to USD 2.5 billion last year, trade increased by 30%. Important agreements will be signed in the field of investment cooperation during this Forum — Bayin Chaolu, First Secretary, Jilin Provincial Committee (People’s Republic of China), Communist Party of China.