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China becomes Russia's top trade partner in Jan-Feb

Source:   Time:

  MOSCOW -- China has become Russia's top trade partner in the first two months of 2012, according to a report released by the Russian Federal Customs Service on Friday.

  According to the report, in the first two months of this year, China-Russia trade turnover rose 21.1 percent year-on-year, reaching $13.3 billion.

  The report also showed that Russia posted a trade surplus of $42. 5 billion for the first two months of 2012, a 26.9-percent year-on-year increase.

  Recent years have witnessed a rapid growth of Sino-Russian trade volume. China became the largest trade partner of Russia, overtaking Germany, in 2010 for the first time.

  In 2011, bilateral trade reached a record high of $80 billion.

  The two countries have set a goal of lifting bilateral trade to 100 billion dollars by 2015 and to 200 billion by 2020.

  

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