China discloses expectations of Russia
China anticipates that Russia will provide political support to Chinese automotive companies, enabling manufacturing, selling, and operations in Russia. This announcement was made by Chinese state media on Friday, citing the Chinese ambassador in Moscow.
11:41 AM EST, November 24, 2023
"China will promote the integration of China and Russia in the automotive industry supply chain," said the Chinese ambassador in Moscow, Zhang Hanhui, outlining Beijing's expectations of Moscow.
The ambassador also noted that China is prepared to continue leveraging the supply advantage of the Chinese automotive industry and to develop models specifically suited to the Russian market.
Russia and China Deepen Ties
Russia's First Deputy Prime Minister, Andrey Belousov, has provided fresh data on trade between the Russian Federation and the People's Republic of China. He highlights a clear alignment following the onset of the war in Ukraine as China has been occupying the space vacated by Western companies.
Russia's Deputy Prime Minister Andrey Belousov stated in Beijing that by year's end, trade between the Russian Federation and China is projected to surpass 200 billion dollars - a target initially predicted for 2024. He added that by 2030, it is expected to reach 300 billion dollars.
The General Administration of Customs of the People's Republic of China reports a 27.7 percent year-on-year increase in trade between Russia and China for the January-October period, reaching 196.48 billion dollars.
China, under the Xi regime, primarily imports crude oil, natural gas, and coal. Other imported commodities include copper and copper ores, wood, fuel, and seafood.
