ount of money and so on. According to the manifest regulated by two countries, barter trade requires that import and export corporations belonged to two countries' ministries of foreign trade concretely. Barter trade belongs to visible trade, in which both sides don't need to put to use foreign exchange. Instead of defraying cash and cashing the payment for goods, two sides settle accounts on the delivery check by means of banks. By respectively adding up the total of exchanged goods, both sides can keep the balance between import and export. If one side decays delivery, after being confirmed by two sides, this delivery will be carried out in the next year.Barter trade is a primitive and traditional form of trade, which is inevitable in the poor developed system of foreign exchange. As we all know, both China and Russia are countries without capacity to earn foreign exchange through export and insufficient foreign exchange reserve. What's more, China and Russia can't use hard currency to import urgent goods required by domestic market. The form of barter trade is in keeping with the necessity and interests of two sides. For example, China can export advantageous products such as textile, products of light industry and food so as to get those short-supplied means of productions such as steels, wood, etc and some durable goods like piano and refrigerator. It's the same with Russia.※Xianhui Trade It is a modern and standard form of trade and consequently the most promising one. According to the agreement signed in October2nd, 1990, the conventional trade between China and Soviet Union was replace by Xianhui Trade from the year of 1991. Unlike the traditional barter trade, the Xianhui Trade needs to draw on hard currencey, which is difficult to China and Russia, two countries without sufficient foreign exchange reserve. Thus the volume of trade between China and Russia in 1991 came down obviously to only $390,000.000.In the early 90'...
