1997), rapid progress has been made in Sino-Russia trade relationship although the Sino-Russia trade relationship was not so steady..Volume of Sino-Russia Trade From 1991 To 1997 (unit :$10,000)YearTotal volume of import and export trade Decrease compared with last year(%)1991390425-10.81992586240+50.21993767966+31.01994507599-33.91995546332+7.61996684612+25.31997612000-10.0According to the diagram, the Sino-Russia trade relationship had gone through three periods: rapid development, great decline and adjustment for improvement＃1992～1993 The Period of Rapid Development At the end of 1991, after the negotiation, China and Russia reached a series of agreements, which successfully realized the transition from the relationship of the Sino-Soviet Union to that of the Sino-Russia. The government of Russia showed that Russia would acknowledge and inherit all the agreements and contracts signed between China and Soviet Union, hoping that Russia could extend mutual economic and technological cooperation with China. After President Yeltsin and Premier Li Peng met in New York in January31, 1992, all the departments of external economy in Russia were required to enter the practical work at once in order to fulfil those contracts. What's more, all the enterprises were called on to take an active participation in the economic cooperation with China. The president of Russia also extended a warm welcome to any suggestion proposed by China to develop the economic relations.After Deng Xiaoping made important statements in the south of China in the spring of 1992, China opened the trading port to Russia and provided all kinds of preferential policies to enterprises and companies in frontier region as well. At that time, Russia experienced economic crisis, which caused the great shortage of commodities especially food and daily necessities. Russia was in great need of Chinese commodities through import. In order to promote trade, Russia als...
