Zhang Jingjing, president of the China Chamber of Commerce for Import and Export of Mechanical and Electrical Products, said at the press conference of the 2011 China-Russia (Dongning) Electromechanical Products Exhibition Fair on the 12th that the Sino-Russian electromechanical trade is showing good recovery growth momentum. It is expected that by 2015, bilateral electromechanical The trade volume of products is expected to reach 30 billion US dollars. Mechanical and electrical products currently occupy half of the bilateral trade between China and Russia. According to data from the Chamber of Electrical and Mechanical Industry, in 2010, China's exports of mechanical and electrical products to Russia reached US$ 13.51 billion, an increase of 85.1% year-on-year, accounting for 45.6% of the annual exports to Russia. In the first two months of this year, Sino-Russian trade in mechanical and electrical products amounted to 2.38 billion U.S. dollars, a year-on-year increase of 56.7%. Among them, China’s exports to Russia were 2.33 billion U.S. dollars, and imports from Russia were 49.93 million U.S. dollars. More than 56%. Zhang Yujing said that the rapid economic development and strong complementarity between China and Russia have provided a broad space for cooperation between the two countries. He analyzed that Russia will host the 2014 Winter Olympics and the 2018 World Cup, and need to build a large amount of infrastructure. At present, countries around the world are gradually emerging from the gloom of the global financial crisis, driving the demand for large primary products such as oil and natural gas. Its price rise will stimulate Russia's economic development characterized by energy dominance, provide financial support for its domestic infrastructure construction, and encourage Russian companies to increase investment and expand production, which objectively provides market opportunities for Chinese companies. As the world's second largest economy, China's vast market also contains a lot of opportunities for Russian companies, Zhang said. The statistics from the Chamber of Commerce of Electrical and Mechanical Industry confirm this judgment. At present, the import of high-tech products from Russia continues to grow, showing the broad development space of Russian high-tech products in the Chinese market. Zhang Yujing also said that China's electromechanical industry has the advantages of complete industrial categories, high concentration and significant economies of scale, attracting more orders from all over the world, and possessing the strength and competitive advantage of foreign cooperation. According to reports, in 2010, China's total import and export of mechanical and electrical products was 1.59 trillion US dollars, ranking first in the world, an increase of 32.3% compared with 2009, accounting for 53.2% of the country's total foreign trade. In the first two months of this year, the total import and export of mechanical and electrical products nationwide was US$248.8 billion, a year-on-year increase of 23.8%. The 2011 China-Russia (Dongning) Electromechanical Products Exhibition will be held in Dongning County, Heilongjiang Province from July 6th to 8th. The exhibition is operated by “Exhibition + Perennial Transaction + Domestic and Foreign Industrial Parksâ€. It exhibits mechanical and electrical products including construction machinery, transportation tools, agricultural equipment, energy mining equipment, etc., and provides a trading platform for Chinese and Russian electromechanical products manufacturers. Drive bilateral economic and trade development. During this year's exhibition, the organizers will hold a Sino-Russian border investment conference to support powerful Chinese companies to enter Russia for investment.
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