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SinoRussian Forum

o decided to rescind the rigid rules about that both countries must use foreign exchange in trade. Under the encouragement from both sides, Sino-Russia trade took on a new look.The disintegration of Soviet Union produced the turbulent Russian political situation. The economy of Russia fell into the crisis with the year after year of decrease in the production and foreign trade. However, during that period, Sino-Russia trade increased by a big margin instead of decreasing and the turnover reached 58.62 hundred million dollars which was 52.2% higher than that of Sino-Soviet Union trade in 1991.And the volume of Chinese export was 23.3 hundred million dollars, the volume of import was35.3 hundred million dollars. China ranked third among the trade partners of Russia, only after Germany and Italy. Russia ranked fifth among the trade partners of China after Hongkong, Japan, U.S.A and Germany.Sino-Russia trade from 1992 to 1993 had broken through the former pattern in which the focus was conventional trade between the governments. Furthermore, frontier trade occupied a more and more important proportion. A considerable part of Sino-Russia trade (1992~1993)was barter trade. In 1993,China mainly imported steel products, chemical fertilizer, wood etc. While food, products of light industry, daily necessities are exported to Russia .In the Chinese export ,products for civil use occupied 45%of total export .During that period ,China and Russia also had a new development on the cooperation in other aspects .If people make a general survey of Sino-Russia trade from1992 to 193, they may draw following conclusions:☆Most of the factors which promoted the increase of Sino-Russia trade are accidental and temporary such as the severe shortage in Russia market ,the lack of foreign exchange in Russia trade partners and so on.☆The principal part of trade was intermingled with the good and the bad. Many units and individuals that participa...

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