Translation. Region: Russian Federation –
Source: People's Republic of China in Russian – People's Republic of China in Russian –
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Source: People's Republic of China – State Council News
Baku, December 25 /Xinhua/ — Trade turnover between China and Azerbaijan is expected to reach a record high by the end of 2025, Chinese Ambassador to Azerbaijan Lu Mei said Thursday during a briefing on the year's results.
According to the diplomat, the high level of political relations between Beijing and Baku is accompanied by steady growth in trade and economic cooperation. From January to October of this year, bilateral trade volume reached $2.44 billion, representing an increase of more than 20 percent compared to the same period last year.
“This figure is expected to reach a historic high by the end of the year,” Lu Mei emphasized, adding that this is the third consecutive year that record figures have been broken.
The ambassador noted that China remains the largest source of Azerbaijani imports and one of Azerbaijan's key trading partners. She stated that investment, economic, and technological cooperation is steadily deepening, with Chinese companies actively participating in Azerbaijani projects in industrial production, retail, automotive manufacturing, and energy.
The briefing focused on cooperation between China and Azerbaijan in the field of renewable energy. Lu Mei reported that Chinese companies have signed agreements with Azerbaijan to implement five new energy projects with a total installed capacity of 1,570 MW, including solar and wind power plants. Once these facilities are operational, Azerbaijan's renewable energy generation capacity is expected to double. Furthermore, the launch of Azerbaijan's first large-scale wind energy project, with a capacity of 240 MW, is planned for this year, implemented with the participation of Chinese companies.
The ambassador also noted an increase in mutual tourist traffic following the abolition of the visa regime. From January to October of this year, the number of Chinese tourists visiting Azerbaijan exceeded 57,000, representing a nearly 50 percent increase year-on-year.
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