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BEIJING, July 16, 2021 /PRNewswire=KYODO JBN/ --

The China-Russia (Harbin) economic and trade index report (2021) was officially

released on Wednesday in Harbin, northeast China's Heilongjiang Province.

The report, starting with the development of China-Russia trade, has accurately

reflected the trade volume between China and its regions with Russia in an

all-round and multi-level manner, and scientifically monitored the development

level and trend of bilateral trade via the establishment of a quantifiable

index system.

In 2020, China-Russia trade index maintained a stable trend and stood at 194.06

points, showed the report.

According to the report, China-Russia trade growth rate ranked first among

China's major trading partners. China remained the primary trading partner of

Russia, while Russia was China's 10th largest trading partner. Despite the

impact of COVID-19, the two countries adhered to the principle of mutual

benefit and win-win results, showing strong resilience in economic and trade

cooperation.

Luan Zhicheng, Vice Mayor of Harbin, noted that Harbin will take the release of

China-Russia economic and trade index as a link to comprehensively promote the

practical cooperation between Harbin and Russia's Far East so as to build

Harbin into an important bearing zone of all-round cooperation between China

and Russia and make greater contribution to building a new highland for

openness and cooperation.

The China-Russia economic and trade index quantitatively demonstrates the level

and trend of China-Russia economic and trade development in a digital way, said

Wu Xuejun, president assistant of China Economic Information Service (CEIS).

The index has been released for three consecutive years since its first release

in 2019, Wu addressed, adding that it has become an important tool for

evaluating China-Russia economic and trade development and has been highly

recognized by experts in the field.

The CEIS, which is responsible for the research and development of the

China-Russia economic and trade index, is one of the largest economic

information service organizations in China with the widest range of service and

the most comprehensive product categories. It undertakes four major information

service platforms including the national financial information platform "Xinhua

Finance", the Belt and Road-centered comprehensive information service platform

"Xinhua Silk Road", the national credit information service platform "Xinhua

Credit" and the "Xinhua Index".

Original link: https://en.imsilkroad.com/p/322699.html

Source: Xinhua Silk Road

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   Caption: The China-Russia (Harbin) economic and trade index report (2021) was launched

on Wednesday in Harbin, northeast China's Heilongjiang Province.