Hey there, adventure seekers and news enthusiasts! 🌏 Are you ready for an epic celebration of friendship and innovation? The 8th China-Russia Expo is just around the corner, kicking off from May 16 to 21 in the vibrant city of Harbin, nestled in northeast China's Heilongjiang Province. 🎉
This year's expo is extra special as it marks the 75th anniversary of the diplomatic relations between China and Russia. 🎊 That's 75 years of camaraderie, trade, and cultural exchange! 🤝
Guess what? Russian President Vladimir Putin will be paying a state visit to China from May 16 to 17. 🇷🇺🇨🇳 It's his first state visit since being sworn in for a new term! How exciting is that?
The expo is set to be a hub of activity, featuring a significant lineup of Russian enterprises organized by the Ministry of Industry and Trade of the Russian Federation. 🏢✨ Sixteen Russian federal entities will showcase their businesses, highlighting Russia's socioeconomic development, investment opportunities, cooperative projects, quality products, and unique cultural elements. 🌟
This isn't just an expo; it's a playground for extensive discussions and negotiations between the two countries across various sectors. Think energy, technology, culture—you name it! 🚀
Over 5,000 professional buyers from more than 120 delegations representing 44 countries and regions are expected to attend. 🌍 Talk about a global gathering! The exhibition area will span a whopping 388,000 square meters, showcasing over 5,000 products in more than 20 major categories across 10 sectors. That's a lot of ground to cover—literally! 🏟️
Since its inception in 2014, the China-Russia Expo has been a monumental success, attracting over 7,200 enterprises and facilitating contracts worth about 446.8 billion yuan (that's roughly $61.8 billion!). 💰 The expo's host city alternates between the two countries, making it a true symbol of international cooperation. 🌐
Trade Bonds Growing Stronger 💪
The trade vibes between China and Russia have been nothing short of amazing in recent years. 📈 In 2023, the bilateral trade volume soared to $240.1 billion, hitting an established trade target of $200 billion ahead of schedule! 🚀
The momentum didn't stop there. The first quarter of 2024 saw trade reaching $56.68 billion, a year-on-year increase of 5.2 percent, according to the General Administration of Customs. 📊 Trade between the two countries continues to expand, featuring growth in sectors like energy, automobiles, and general machinery and equipment. 🚗⚙️
President Putin noted that the rapid development of Russia-China trade relations shows strong immunity to external challenges and crises. 🙌 Over the past five years, trade has doubled, and over 90 percent of transactions between companies from the two countries are settled in their national currencies. 💱
\"China has been Russia's largest trading partner for 13 consecutive years, and in 2023, Russia ranked fourth among China's trading partners,\" Putin highlighted. 🇷🇺🇨🇳
So gear up, folks! The 8th China-Russia Expo promises to be an unforgettable event filled with opportunities, collaborations, and a whole lot of cultural exchange. Don't miss out on this incredible fusion of innovation and tradition! 🎉✨
Reference(s):
cgtn.com
