Russia-China trade down 36% due to rouble and economic slowdown

ChinaRussia-China trade: Trade volumes between China and Russia fell at annualised rate of 26.4% last month, according to China’s General Administration of Customs. Russian exports to China were down by 28.7% and Chinese exports to Russia by 42.1%. The slumps is the result of a “perfect storm” of a sharp deterioration in Russia’s economic situation; the collapse of the rouble; and the restructuring of the Chinese economy which is depressing demand.

Source: Interfax