NEWSWATCH: “China Goes Food Shopping-to Russia; ‘Everything that can be consumed by a human being in China is something they’re interested in,’ Russian official says” – Wall Street Journal/AMIE FERRIS-ROTMAN/Liyan Qi
China bought more than $1 billion in food products from Russia last year, replacing Turkey as the top importer of Russian foodstuffs. … central to Russia’s economic and political pivot toward Asia, as the Russian economy continues to suffer under Western sanctions and the low price of oil, and U.S.-Russian relations deteriorate …. Russia and China … describe current relations as the best in years. … Russia’s trade with China slumped … as the Chinese economy slowed, though China remains Russia’s largest trading partner. … Overall trade between the two … [was] $56 billion in January-October … down from … nearly $100 billion … in 2014, according to China’s Customs Administration. … both countries say they are on track to achieve their goal of $200 billion of trade by 2020.
Click here for Wall Street Journal/AMIE FERRIS-ROTMAN/Liyan Qi: “China Goes Food Shopping-to Russia; ‘Everything that can be consumed by a human being in China is something they’re interested in,’ Russian official says”