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10th China-Russia Expo to be held in Harbin from May 17-21: official

China

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China

10th China-Russia Expo to be held in Harbin from May 17-21: official

2026-05-09 02:02 Last Updated At:05-11 13:46

The 10th China-Russia Expo, a major platform to deepen economic, trade, and investment cooperation between the two nations, is scheduled to be held in Harbin, in northeast China's Heilongjiang Province, from May 17 to 21, China's Ministry of Commerce said on Friday.

At a press conference in Beijing, officials outlined the agenda for the upcoming expo and underscored the robust China-Russia trade relations.

"As an important institutional exchange platform for the economic, industrial, and business communities of both countries, the China-Russia Expo has, since its inception [in 2014], achieved a cumulative exhibition area of nearly 800,000 square meters, covering about 80 industrial sectors. To date, more than 7,200 enterprises from China and Russia have participated in the expo, with over 250,000 buyers and business delegates attending for procurement and business matchmaking purposes. The total transaction value generated through the expo has reached 300 billion yuan (about 44 billion U.S. dollars)," said Wang Xinmei, vice president of the Heilongjiang Provincial Council for the Promotion of International Trade.

From its initial focus on traditional sectors such as energy, minerals, and mechanical equipment, the expo has progressively expanded into emerging fields, including the digital economy, green and low-carbon technologies, cross-border e-commerce, and biomedicine, Wang noted.

She highlighted that the expo has become a primary platform for business matchmaking, an important window for subnational-level exchange, and a flagship brand of China-Russia economic and trade cooperation.

Officials also stressed that the two countries have seen a solid and stable trade relationship in recent years. In 2025, China-Russia trade volume reached 227.9 billion U.S. dollars, surpassing the 200-billion-dollar threshold for the third consecutive year. China has maintained its position as Russia's largest trading partner for 16 straight years.

Looking ahead, Ma Chi, director of the Ministry of Commerce's Eurasia Department, outlined the following priority areas for future cooperation.

"First, we will continue to consolidate and expand the scale of bilateral trade. We will maintain stable trade in bulk commodities such as energy, minerals, and grain, thereby safeguarding the security and stability of both countries' industrial and supply chains while injecting stability and new momentum into the global economy. Second, we will continue to deepen investment cooperation in key areas. We will fully implement the China-Russia bilateral investment agreement, focusing on infrastructure, green and low-carbon technologies, biomedicine, and other sectors, to expand the space for two-way investment cooperation," said Ma.

"Third, we will continue to enhance the facilitation of trade and investment. We will strengthen cooperation with Russia in areas such as customs clearance, inspection and quarantine, standards certification, and intellectual property protection, ensuring the unimpeded flow of cross-border logistics," he said.

10th China-Russia Expo to be held in Harbin from May 17-21: official

10th China-Russia Expo to be held in Harbin from May 17-21: official

China's benchmark Shanghai Composite Index closed almost flat on Monday amid a wide sell-off of artificial intelligence-related stocks triggered by calls from top executives of major U.S. AI developers to slow the pace of AI development, according to Timothy Pope, an analyst for China Global Television Network (CGTN).

The Shanghai Composite Index dropped 0.07 percent to 3,885.33 points on Monday, while the Shenzhen Component Index closed 0.64 percent lower at 13,384.57 points.

The ChiNext Index, tracking China's Nasdaq-style board of growth enterprises, lost 1.10 percent to close at 3,285.58 points Monday. The STAR Composite Index, which reflects the performance of stocks on China's sci-tech innovation board, closed 0.35 percent lower at 1,811.23 points.

Pope noted that despite the overall resilience of major indexes, AI hardware stocks were among the biggest losers on the day.

"The Chinese mainland markets proved pretty resilient today actually as global AI stocks wobbled. We saw oil prices jump and interest-rate hike bets rising as well. The Shanghai Composite Index ended the session pretty much flat, while the Shenzhen Component [Index] lost a little more than half of 1 percent. AI stocks around the world sank today after the Anthropic CEO Dario Amodei published an essay calling for a slowdown in the development of frontier AI models. That was also backed up by OpenAI boss Sam Altman and some other industry leaders as well. But critically for Chinese companies, Amodei also called for tighter restrictions on exports of advanced AI chips and semiconductor equipment to China. We saw AI shares on the A-share have been caught in a bit of a rotation cycle already lately, with investors switching in and out pretty aggressively from these AI hardware stocks. So that added some extra momentum to today's move out of that sector. They were falling and were one of the weaker sectors today," said Pope.

The analyst said stocks of listed big state-own banks saw an injection of capitals from investors amid AI sell-off.

"Investors took some shelter in financial stocks. The big state-owned banks were once again helping to support the Shanghai index and investors were also waiting for the latest bank-lending data, although that wasn't released before the close of the markets today. There was also a small rebalance in the STAR 50 today. A handful of new companies joined the high-tech index, but that didn't fundamentally change things for the pressured tech sector," he said.

Pope highlighted that Chinese investors will witness a slew of data release in the rest of the week, helping them to have a more comprehensive grasp of the status of the country's domestic demand.

"For the week ahead in China, it's going to be very data-heavy. Tomorrow we have a big data dump including fixed-asset investment, property data, retail sales and industrial production and that's really going to give the market some clues about the state of domestic demand after those very strong trade figures that we saw last week," he said.

Chinese stocks resilient as calls for AI slowdown trigger sell-off: analyst

Chinese stocks resilient as calls for AI slowdown trigger sell-off: analyst

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