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. Last Updated: 07/27/2016

China's Trade Role Growing

IRKUTSK — Russia and China may become key trade partners, Shi Xiushi, chairman of the Financial and Economic Committee of the National People's Congress of China, said Monday.

"Russia and China are developing together. This development also stimulates the advancement of the economy as a whole. I think that Russia and China are capable of becoming key trade partners on the basis of bilateral cooperation," he said at the Baikal Economic Forum in Irkutsk.

He said that at the meeting of President Dmitry Medvedev and Chinese President Hu Jintao it was suggested that trade turnover between the two countries be boosted to $100 billion. "We hope that both countries will be able to bring international cooperation to a new level," Shi Xiushi said.