INSUBCONTINENT EXCLUSIVE:
China has increase imports of Russian energy and raw materials this year without doing the very same for tech exports, the Kommersant
service daily reported late Wednesday, mentioning Chinese custom-mades data.China imported $72.9 billion worth of products from Russia in
between January and August, a 50% boost on the exact same period last year.Its exports to Russia grew by just 8.5% to $44.2 billion over the
same period.As a result, Russia's trade surplus with China has quadrupled from $7.3 billion to $28.7 billion, according to
Kommersant.China's import structure is among the least diversified amongst all of Russia's trade partners, the paper reported, pointing
out Russia's state-run Roscongress Foundation.Oil, gas and coal represent 78% of Russia's exports to China and are gradually broadening,
it mentioned Roscongress' report as stating
Energy, mineral and farming products comprise the bulk of Chinese imports from Russia.According to the mentioned custom-mades information,
Russia occupies a 2.75% share in China's total trade turnover.And while the share of Russian exports to China increased to 4% this year, the
share of Russian imports declined to 1.9%
Beijing has maintained friendly ties with Moscow in the face of unprecedented sanctions over the invasion of Ukraine as Russia discovered
itself cut off from Western imports.China has actually been Russia's biggest trading partner for more than a decade, and became its greatest
export destination after Western governments enforced sanctions on Moscow following its annexation of Crimea in 2014.
