Wednesday, September 18, 2019
China and Russia are planning to double their trade over the next five years, aided by the removal of barriers to the sale of agricultural products, including soybeans, which have been a major feature of Beijing's long-running tariff dispute with Washington.
Relations between China and Russia have been steadily warming as each has had its individual troubles with the United States, and the latest pledges appear to be a way to take advantage of that shared friction, analysts say.
Chinese Premier Li Keqiang and Russian Prime Minister Dmitry Medvedev were set to sign a joint statement on Wednesday at the end of Li's three-day trip to Russia.
After the pair met on Tuesday, Medvedev said they had agreed to boost two-way trade to US$200 billion by 2024, from US$107 billion last year.
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