China's trade with Russia continues to surge in first two months of the year

  • Both exports and imports jump by double-digits in January and February

This just continues to reaffirm which side China is on and it also exemplifies that when they do pledge their support, they really do mean business - quite literally. In the first two months of the year, China's exports to Russia jumped by 19.8% to $15 billion while imports from Russia surged by 31.3% to just under $19 billion.

For some context, China recorded shrinking demand from markets elsewhere according to the trade data earlier. So, helping out a friend in need is a win-win scenario for Xi in this case.

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