China’s Ministry of Commerce announced that the eighth China-Russia Expo will be held from May 16 to 21 in Harbin, northeastern Heilongjiang Province, China. This event is part of the festivities to mark the 75th anniversary of the establishment of diplomatic relations between both countries.
The exhibition will serve as a platform to highlight Russia’s socioeconomic development, investment opportunities, cooperation projects, quality products and distinctive cultural elements, with the aim of fostering discussions and negotiations in various sectors between both countries.
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Bilateral trade between China and Russia has shown constant growth in recent years, with optimization in the structure of products. In 2023, the trade volume reached 240.1 billion dollars, exceeding the set goal of 200 billion. In the first quarter of 2024, this growth continued with bilateral trade of $56.68 billion, a year-on-year increase of 5.2%.
The upcoming exhibition is expected to attract more than 5,000 professional buyers from more than 120 delegations representing 44 countries and regions. The event will span 388,000 square meters, showcasing more than 5,000 products in more than 20 major categories from 10 sectors.
In this edition, Zhejiang will be the guest province of honor for China, Moscow for Russia, and Harbin will act as the thematic host city.
The China-Russia Expo alternates its headquarters between both countries. Since its inception in 2014, it has attracted more than 7,200 Chinese and Russian companies, and more than 1.05 million traders, facilitating contracts worth a total of 446.8 billion yuan (approximately 63 billion US dollars).
Source: https://reporteasia.com/economia/comercio/2024/05/07/fortaleciendo-comercio-perspectivas-expo-china-rusia/
