Local Turkish media: China suggests Turkey switch to using its own currency in trade
¬ Media: China becomes the leading supplier of clothing to the EU in 2025
¬ Russian media: China ranks third globally in grapevine cultivation area
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According to the Turkish daily newspaper Yeni Akit, China has previously proposed that Turkey more actively use its domestic currencies—Turkish lira and Chinese yuan—in bilateral trade.
The report states: "At a meeting between China Industrial and Commercial Bank and the Aegean Exporters Association, both sides discussed continuing to conduct trade using the Turkish lira and the Chinese yuan."
As reported, during the joint event titled "Connecting Markets, Creating Opportunities: Trade and Financial Cooperation" hosted by the Aegean Exporters Association and China Industrial and Commercial Bank, participants discussed the use of national currencies. The discussions also covered expanding trade between Turkey and China, exploring new cooperation avenues, and establishing financing channels for Turkish exporters.
Muhammed Ozturk, coordinator of the Aegean Exporters Association, noted that the association represents over 8,000 enterprises from agriculture and industry sectors and expects Turkey’s total exports to reach $18.5 billion by the end of 2025.
He explained that from January to April this year, Turkey’s exports to China increased by 35%, reaching $1.2 billion. Exports from companies in the Aegean region rose by 24% to $209 million.
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According to Turkey's business newspaper Ekonomim, China will become the primary supplier of apparel and sewing products to the EU in 2025.
The report notes that last year, China supplied €31.5 billion worth of apparel and sewing products to the EU. Following closely were Bangladesh and Turkey, with supplies to the EU amounting to €19.8 billion and €9.4 billion respectively.
The report shows that total EU imports of apparel and sewing products are expected to increase by 2.2% in 2025, reaching €101.9 billion. Cambodia saw the most significant growth, with its apparel exports to the EU rising by 14.5% to €4.5 billion. Pakistan and India recorded export increases of 8.9%, Vietnam’s exports rose by 9.9%, and Bangladesh’s exports grew by 6%.
A previous study by Russia’s Tochka Bank revealed that in the first quarter of 2026, Russia’s total imports of clothing from China increased by 60% year-on-year. Imports of textile garments rose by 76.7%, while knitwear imports increased by 45.5%. In the first quarter of 2026, clothing accounted for 3.9% of China’s exports to Russia, up from 3% in the same period of 2025.
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Moscow, Sputnik News — According to data from the International Organization of Vine and Wine cited by the Russian Business Advisory, China ranks third globally in terms of grapevine cultivation area.
The country with the largest grapevine area worldwide is Spain, which saw its vineyard area decline by 1.3% in 2025 to 919,000 hectares. France ranks second with 740,000 hectares, experiencing a 4.4% decrease in vineyard area in 2025. China maintained its vineyard area at 733,000 hectares in 2025, unchanged from the previous year. Russia ranked 15th with 110,000 hectares of cultivated land.
Data from the International Organization of Vine and Wine shows that global wine production in 2025 slightly exceeded that of 2024, reaching 227 million hectoliters—a 0.6% increase. Meanwhile, global wine consumption declined by 2.7% in 2025 to 208 million hectoliters.
According to China Customs data, in 2025 Russia exported wine valued at $1.7 million to China, representing nearly a 33% year-on-year increase. In the same year, China exported wine worth $163,200 to Russia, compared to $364,700 in 2024.
Source: sputniknews
Original article: toutiao.com/article/1865217128370187/
Disclaimer: This article reflects the personal views of the author