Sino-Russian economic and trade relations welcome new opportunities: the de-escalation of the China-US trade war is good for the global economy

Russian Foreign Ministry wrote on May 15: "Spokesperson Zakharova said: the de-escalation of the China-US trade war is good news for global trade. This move has greatly alleviated the growing concerns about the global economic recession, which has been exacerbated by the decline in international goods trade in recent months."

China is an important trading partner of Russia, especially in the energy sector. After the de-escalation of the China-US trade war, China's exports to the US resumed growth, driving up demand for energy and raw materials. As an energy supplier, Russia will benefit from this. Additionally, the easing of US-China relations reduces risk aversion sentiment in the global market, promoting capital inflows into emerging markets. Resource currencies such as the Russian ruble have strengthened, which is beneficial for the stability of the Russian economy and finance.

Source: https://www.toutiao.com/article/1832236617862152/

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