Trade turnover between Russia and China already exceeds $40 bln in 2016 - Medvedev

ST.PETERSBURG, November 7. /TASS/. Trade turnover between Russia and China has already exceeded $40 bln in 2016, Prime Minister Dmitry Medvedev said told reporters. "If we talk about the trade balance, the current situation looks relatively fine, despite the fact that last year saw some decline, this year the trade turnover has already exceeded $40 bln," Medvedev said after the meeting with Chinese Premier Li Keqiang. "In any case, the situation is improving, we have agreed with the Prime Minister of the State Council that we will take further efforts to stabilize the economic and trade cooperation, to gradually reach the target figures that were set few years ago. This implies the trade turnover of $200 bln in next 3-5-7 years," Medvedev said. He added that China remains Russia’s largest trading partner. "We are confident that a lot depends on joint actions of the two governments, so we agreed on taking a number of concrete steps," the Russian Prime Minister said. According to Medvedev, "today it is difficult to name a sector where Russia and China do not cooperate." Read more