World meat industry news

The growth of Russian-Chinese trade turnover in 2023 amounted to 26.7%, and over 11 months of this year it exceeded $201 billion. Russian Deputy Prime Minister Dmitry Chernyshenko announced this during a meeting of the Russian-Chinese commission for preparing regular meetings of heads of government in Beijing.

"This year, the growth of Russian-Chinese trade turnover amounted to 26.7%. Over 11 months of this year, the volume of trade between Russia and China exceeded $201 billion, and according to the General Administration of Customs of the People's Republic of China, we reached $218 billion, which already exceeds the figure “, which Russian President Vladimir Putin and Chinese President Xi Jinping set for us to bring trade turnover to $200 billion,” said the Deputy Prime Minister, whose words are quoted by his office.

He noted that, thus, Russia takes 4th place among China’s trading partners, and by 2030, if such rates are maintained, the $300 billion level “seems quite achievable.” In addition, according to him, strengthening a comprehensive, equal, trusting partnership and strategic interaction with friendly China is a priority of Russian foreign policy.

In turn, Vice Premier of the State Council of the People's Republic of China He Lifeng noted that, despite external challenges, cooperation between Russia and China is developing fruitfully today, and it is necessary to take interaction to an even higher level. He also noted the unprecedented level of trade turnover, the entry of new types of agricultural products into the Chinese market, as well as the confident growth in supplies of oil, gas and minerals from Russia. Dmitry Chernyshenko also recalled that for the first time in 15 years, it was possible to agree on the supply of Russian pork to China, which will begin next year. In addition, approval for the export of wheat and barley, rye flour, semolina, animal feed, and dairy products to China is being completed. “The Russian export center will hold “Made in Russia” festivals and fairs in various provinces to promote domestic products in China. The first festival will be held on the eve of the Chinese New Year,” said the deputy chairman of the Russian government

He added that the Bank of Russia and the People's Bank of China ensure uninterrupted mutual settlements, and the share of national currencies in them is growing at a high rate and, based on the results of three quarters, exceeded 90%; joint cooperation projects are also being developed, including the production of automotive equipment and components.