Russia and China plans to reach $200 bln worth of trade turnover

Russia and China have set the target of boosting trade turnover to $200 billion by 2024, China’s new Ambassador to Russia Zhang Hanhui said.

"We have already set another target of reaching $200 bln worth of trade turnover by 2024. I believe that goal may be accomplished as from now on the (Russian-Chinese) trade and economic cooperation will be expanding even more rapidly," TASS cited him as saying.

According to the ambassador, the whole potential has been revealed. "Almost all barriers hindering the development of trade and economic cooperation have been removed. Certain problems that do exist will be resolved," Zhang Hanhui stressed.

According to the figures provided by China’s General Administration of Customs, trade turnover between Russia and China increased by 4.7% in January-July period of 2019 year-on-year to $61.13 bln.