China, Russia Trade Surges Amid Ukraine War

China, Russia Trade Surges Amid Ukraine War
Containers stacked at a port in Lianyungang city, in China's eastern Jiangsu Province on March 7, 2022. STR/AFP via Getty Images
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China’s export growth slowed in the January-February period but was propped up a high trade volume with Russia amid the unfolding Ukraine crisis, official data showed on March 7.

The country’s output rose 16.3 percent in January and February from a year earlier, beating analysts’ expectations for a 15.0 percent raise, China Customs said on Monday. Its bilateral trade with Russia jumped 38.5 percent year-on-year—the highest rate for the first two months of the year since 2010—exceeding $26 billion, according to South China Morning Post.
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