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Russo-Chinese language commerce turnover from January to October grew by 30.9% yr on yr, amounting to $115.66 billion, China’s Basic Customs Administration reported on Sunday.
Exports to the Russian Federation in 10 months elevated 30.6%, to about $52.9 billion. Imports of Russian items and companies to China grew by 31.2%, to $62.76 billion.
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In October alone, the amount of commerce between the 2 international locations reached $13 billion.
Commerce between Russia and China within the reporting interval already surpassed the figures for the entire of pre-pandemic 2019, when it was round $110.75 billion. The indicator barely dropped in 2020 because of the Covid-19 pandemic, reducing by 2.9% to $107.76 billion.
The expansion in commerce between the 2 international locations comes amid persevering with difficulties on the border. Crossing procedures launched by Beijing on the top of the pandemic final yr require that each one vans crossing into China drop their empty trailers for loading on the Chinese language facet and return to Russia, then return to select up the loaded automobile.
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Russia requires that the trailer be picked up by the identical truck which took it to the border. Which means that one truck has to cross the border 4 instances, which has led to lengthy traces on the border crossing terminals, reportedly numbering as much as 1,000 vans.
Chinese language authorities this week requested Russia to conduct an in depth test of the crossing procedures and revise the best way vans with trailers cross the border, as idle time brings each day losses and impacts transportation prices. China hopes Russia will change to a cargo transportation system just like the one at a checkpoint between China and Kazakhstan in Xinjiang, which permits any truck to select up a loaded trailer.
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