Customize Consent Preferences

We use cookies to help you navigate efficiently and perform certain functions. You will find detailed information about all cookies under each consent category below.

The cookies that are categorized as "Necessary" are stored on your browser as they are essential for enabling the basic functionalities of the site. ... 

Always Active

Necessary cookies are required to enable the basic features of this site, such as providing secure log-in or adjusting your consent preferences. These cookies do not store any personally identifiable data.

No cookies to display.

Functional cookies help perform certain functionalities like sharing the content of the website on social media platforms, collecting feedback, and other third-party features.

No cookies to display.

Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics such as the number of visitors, bounce rate, traffic source, etc.

No cookies to display.

Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.

No cookies to display.

Advertisement cookies are used to provide visitors with customized advertisements based on the pages you visited previously and to analyze the effectiveness of the ad campaigns.

No cookies to display.

Connect with us

Hi, what are you looking for?

slide 3 of 2
THE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & LifestyleTHE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & Lifestyle

Business

Business

China-Russia commerce remained strong in March despite a dismal global outlook.

President Xi Jinping Meets with Russian President Vladimir Putin Photo Credit: SPUTNIK President Xi Jinping Meets with Russian President Vladimir Putin Photo Credit: SPUTNIK
President Xi Jinping Meets with Russian President Vladimir Putin Photo Credit: SPUTNIK President Xi Jinping Meets with Russian President Vladimir Putin Photo Credit: SPUTNIK

Listen to the article now

Despite a grim global economic outlook, Chinese customs statistics revealed Thursday that exports to Russia more than quadrupled in March, and imports rose by double digits. China exported $9 billion to Russia in March, up 136.4% over the preceding two months’ 19.8% rise.

Russia’s $11 billion imports climbed 40.5%, quicker than January-February’s 31.3%.

Despite declining global growth, bilateral trade data is positive. However, on Tuesday, the IMF lowered its 2023 global GDP projection to 2.8% from 2.9%, warning that financial system weaknesses might cause a new catastrophe.

In late March, Chinese President Xi Jinping visited Russia, called President Vladimir Putin, a great friend, and pledged economic cooperation.

The visit occurred slightly over a year after Russia started a “special military operation” in Ukraine, prompting EU sanctions on seaborne petroleum and coal and a December Group of Seven price restriction on Russian crude oil.

China, the world’s largest energy user, saved billions on Russian oil and coal.

On Thursday, Chinese customs did not specify which items increased bilateral commerce.


Comment Template

You May Also Like

Business

Markets fluctuated on February 12, 2025, as inflation concerns and Trump’s proposed tariffs unsettled investors. Bond yields surged, impacting stocks, while Tesla boosted consumer...

Business

The FCC has launched an inquiry into Comcast and NBCUniversal’s DEI policies, following President Trump’s 2025 executive order against such initiatives. Chairman Brendan Carr...

Business

President Trump’s reciprocal tariff plan aims to impose duties on imports from countries that tax U.S. goods. Ahead of his meeting with Indian Prime...

Business

CVS Health CEO David Joyner defends pharmacy benefit managers (PBMs) amid criticism over rising drug prices, blaming pharmaceutical manufacturers for cost increases. Lawmakers, regulators,...

Notice: The Biznob uses cookies to provide necessary website functionality, improve your experience and analyze our traffic. By using our website, you agree to our Privacy Policy and our Cookie Policy.

Ok