China s overall trade with Russia maintained its strong growth momentum in the first quarter with an increase of 38.7 percent from a year earlier, far outpacing the growth of China s total trade.
As trade and economic ties between China and Russia are expected to deepen, the yuan will gain appeal among Russian firms, at a time when the Russian economy is restricted from Western financial networks.
Ozon, one of Russia s largest online retailers, has opened an office in Shenzhen, South China s Guangdong Province, as the demand for Chinese products keeps soaring, a move that industry insiders envision would spell more business opportunities for Chinese entrepreneurs amid rapidly growing economic ties between the two countries.