Space News from SpaceDaily.com
China saw record trade with Russia in 2024: customs data
ADVERTISEMENT


Beijing, Jan 13 (AFP) Jan 13, 2025
Trade between China and Russia reached a record high last year, official data showed Monday, reflecting strong economic ties between the countries despite Western sanctions on Moscow.

Combined imports and exports with Russia totalled $244.8 billion in 2024, according to figures published by China's General Administration of Customs, up slightly from $240.1 billion in 2023.

Last year's uptick brought trade between the large neighbouring countries to a historic high, though it represented much slower growth than the 26.3 percent year-on-year surge recorded the year before last.

Political and economic ties between Beijing and Moscow have deepened since Russia's invasion of Ukraine in early 2022, drawing extensive criticism from the United States and other Western nations, which have implemented tough sanctions in response.

China has sought to position itself as a neutral party in the crisis and has repeatedly declined to condemn Moscow's invasion.

Chinese President Xi Jinping recently told Russian counterpart Vladimir Putin in a New Year's message that the countries "have consistently moved forward hand-in-hand along the correct path of non-alignment".

Meanwhile, 2024 saw trade between China and the United States -- the world's top two economies -- rise 3.7 percent year-on-year to reach $688.3 billion, Chinese customs data showed.

US president-elect Donald Trump, who slapped sweeping tariffs on China in his first term, has threatened even more aggressive trade measures in his second stint in the White House, due to begin next week.


ADVERTISEMENT






24/7 Energy News Coverage
AALTO plans Zephyr stratospheric hub in northern Australia and seeks local payload partners
Ancient guano drove Chincha coastal power
UAH lands first DARPA award for biological sciences department

Military Space News, Nuclear Weapons, Missile Defense
Sidekick autonomy software guides YFQ-42A test mission for CCA program
Infleqtion lists shares on NYSE as neutral atom quantum firm
Top Chinese gaming companies continue to challenge

24/7 News Coverage
Solar-driven ionosphere charges may nudge stressed faults toward rupture
Stable black carbon in mangrove soils boosts coastal climate role
Low crystallinity iron minerals show promise for chromium cleanup and carbon storage



All rights reserved. Copyright Agence France-Presse. Sections of the information displayed on this page (dispatches, photographs, logos) are protected by intellectual property rights owned by Agence France-Presse. As a consequence, you may not copy, reproduce, modify, transmit, publish, display or in any way commercially exploit any of the content of this section without the prior written consent of Agence France-Presse.