In the CCI assessed the impact of the USA on trade between Russia and China

© AP Photo / Mark SchiefelbeinСухофрукты from the USA at a supermarket in Beijing. Archival photoIn the CCI assessed the impact of the USA on trade between Russia and China© AP Photo / Mark Schiefelbein

The recent agreement of China and the U.S. trade controversy is just the beginning of a dialogue, so the Russian side should not fear that Beijing abandon its plans of diversification of imports due to the expansion of cooperation with Russia, told RIA Novosti regional representative of the chamber of Commerce of Russia in East Asia (Beijing) Pavel Kudryavtsev.

The leaders of the United States and China on the sidelines of the G20 summit have agreed on mutual steps to duties. Chinese President XI Jinping has promised to rectify the situation with the trade imbalance and start to purchase significant volumes of agricultural and other goods from the US. The US President Donald trump has agreed from January 1, to raise from 10 to 25% duty on goods from China import volume at $ 200 billion, if the parties will be able within 90 days to agree on a certain range of issues.

«In recent years, China-us economic and trade friction — the most discussed topic in the business community of the PRC. The majority of local businesses agree that the problem of relations between the two countries goes far beyond just the trade issues and is unlikely to be resolved overnight,» — said Kudryavtsev.

According to him, therefore the results of the talks the leaders of China and the United States on the sidelines of the recent G20 summit, «even though it is possible to name in General positive, but to talk about fundamental fracture emerged with the arrival of trump the negative trends is premature».

«The Argentine agreement is only the beginning of a dialogue, we can say a small «time out» for Beijing, which is now not the most simple situation from the point of view of foreign and domestic economic conditions»,- said the Agency interlocutor.

He believes that «in the framework of such U.S. side promises in the next three months, Chinese importers, most likely, will try to increase the supply of hydrocarbons and agricultural products from the United States.»

«Meanwhile, this does not mean that the Chinese business, which in the period of exacerbation of trade disputes with the United States are seriously thinking about expanding cooperation with Russia in order to diversify imports, simultaneously refuse these plans»,- said the representative of the chamber of Commerce.

At the moment, according to his estimates, «selhoznauk Russia remains the main «pillar» from the point of view of food security of China.»

«Its advantages are considered as a favorable political background, in General, clear «rules of the game» and geographic proximity. Any business, as you know, need stability and confidence in the good economic climate in the long term. And in this aspect, Russia’s foreign trade direction is seen from China is very attractive,» said Kudryavtsev.

In the CCI assessed the impact of the USA on trade between Russia and China© Infographical war, the United States

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