Russia, China to reach $200 bln worth of mutual trade turnover by 2024, says PM

Last year mutual trade turnover gained one fourth to over $108 bln

Moscow and Beijing plan to reach $200 bln worth of mutual trade turnover by 2024, Russian Prime Minister Dmitry Medvedev said at the 24th expanded meeting of heads of the two countries’ governments on Tuesday.

"We target reaching the level of $200 bln by 2024. The plan is to achieve that (goal) mainly through joint projects in the field of energy, industry, hi-tech and agriculture," he said.

Last year mutual trade turnover gained one fourth to over $108 bln, Medvedev added.

Meanwhile, Chinese Premier of the State Council Li Keqiang said that currently a new era of strategic cooperation in the mould of "mutual respect and equality of rights, as well as political confidence," in the relationship between Beijing and Moscow is beginning. "Sino-Russian relations have been developing stably over the past several decades," he said, adding that amid today’s "challenging international, economic and political environment" the stable and sustainable cooperation between the Russian Federation and the People’s Republic of China "serves as a stabilizing factor," for the whole world as well.

Source: https://tass.com/economy/1078523