Russia-China trade to continue booming while US faces risk of recession – expert

Russia-China trade to continue booming while US faces risk of recession – expert

Bilateral trade between Russia and China has grown steadily and the positive trend will continue, according to Xu Sitao, chief economist with Deloitte, consulting in China. He warned US economy is facing risk of recession by 2020.  Xu said China has become the largest export market for Russia since 2017, accounting for roughly 12-13 percent of Russian exports.

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