Xinhua Silk Road: China-Russia Economic and Trade Index Report (2020) officially released by CEIS

General Press Releases Friday September 18, 2020 09:36
BEIJING--18 Sep--PRNewswire/InfoQuest
The China-Russia Economic and Trade Index Report (2020) was officially released by the China Economic Information Service (CEIS) on Wednesday.

The report reflects the trade volume between China and its regions with Russia, and scientifically monitored the development level and trend of bilateral trade via the establishment of a quantifiable index system.

Per the index result, China-Russia trade index showed a steady upward trend in 2019, up 12.66 percent from that in 2018.

The monthly China-Russia economic and trade index shows that although global trade has shrunk sharply due to COVID-19, China-Russia bilateral trade has maintained an increase trend, reflecting the great resilience and potential of bilateral economic and trade cooperation.

Based on the trade complementarity index, among China's exports to Russia, the products with strong trade complementarity are finished products classified by raw materials, machinery and transportation equipment, and miscellaneous finished products, including food, textiles, steel, and machinery. Among Russia's exports to China, non-edible raw materials, fossil fuels and lubricants are highly complementary.

The intra-industry trade index reflects that China and Russia enjoy the highest degree of division of labor in food industry, followed by processing manufacturing. The division of labor in consumer goods retail industry is becoming increasingly optimized.

The results fully reflect the scale and quality of bilateral economic and trade cooperation between the two countries have continuously improved, boasting a promising future.

Harbin, the capital city of China's Heilongjiang Province, has inherent geographical advantages in trade with Russia. The release of Harbin City Radiation Index can provide decision-making support for the development of Harbin as a regional center in cooperation with Russia.

Harbin City Radiation Index closed at 149.46 points in 2019, registering an increase of 13.01 percent year on year.
The first report China-Russia Economic and Trade Index was officially released in June 2019.

CEIS is the main body responsible for the integrated management and operation of economic information business of Xinhua News Agency. "Xinhua Finance," the national financial information platform under CEIS, serves the country's economic development and financial security. "Xinhua Indices," the first and only index service organization in all fields in China, has incubated a number of influential index products in capital market, industry, urban development and brand building.

See the original link:

Latest Press Release

HKU holds Virtual Information Day for Undergraduate Admissions 2020

The University of Hong Kong (HKU), ranked 22nd in the world and 1st in Hong Kong by QS World University Rankings 2021, will hold its Virtual Information Day (IDAY) for Undergraduate Admissions from 9 am to 7:30 pm (Hong Kong Time) on Saturday, 31st...

Xinhua Silk Road: Cultural tourism promotion event held at Zhongxian County in SW China's Chongqing

The large-scale cultural tourism promotion event, exhibiting fine tourism products and cultural creative ones, was held on Monday in Zhongxian County, southwest China's Chongqing Municipality. The county head Huang Zuying served as a cultural tourism...


กรมประชาสัมพันธ์ เทศบาลเมืองไป่เซ่อ เปิดเผยว่า เมืองไป่เซ่อ มณฑลกว่างซี จัดการประชุม Baise Key Development and Opening Pilot Zone in Guangxi (Shenzhen) Promotion Conference และพิธีลงนามการลงทุนโครงการ "Greater Bay Area Enterprise Settlement in Baise"...

Xinhua Silk Road: Nanjing Jiangbei New Area releases book to share innovation practices

Nanjing Jiangbei New Area, a state-level new area in east China's Jiangsu Province, released a book introducing its innovation practices and cases since its establishment in 2015, aiming to provide reference for the innovative development of other...

AEON brings comprehensive financial services and exclusive offerings to the Money Expo Chiangmai 2020

AEON Thana Sinsap (Thailand) Public Company Limited offers exclusive deals and promotions of the year at the Money Expo Chiangmai 2020 for Northern customers. During the 3-day event, customers can expect to learn more about AEON products such as Your...

Related Topics