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By Trend

China’s authorities intend to develop cooperation with Russia in the sphere of internet trade, space and aircraft industry to double the volume of bilateral trade, increasing it to $200 billion, Premier of the People’s Republic of China Li Keqiang told TASS at a news conference on Friday, Trend reports.

"We should work together to further extend the spheres of bilateral cooperation. We will continue to develop cooperation in the sphere of trade, in particular strengthen cooperation between small Russian and Chinese entities, build up cooperation in internet commerce, space and aircraft industry, as well as build up exchanges between the nations of the two countries," Li Keqiang stated.

"Russia and China should take all the necessary measures to chiefly provide a stable volume of bilateral trade of $100 billion and to double it in the future," Li Keqiang said.

According to the statistics provided by China’s General Administration of Customs, the volume of trade between Russia and China for January-February increased by 1.7% year-on-year, reaching $16 billion: exports from China to Russia for the specified period decreased by 4.8% and stood at $7.07 billion. The import of Russian goods and services to China increased by 7.5%, reaching $8.97 billion.