The Sino-Russian (Harbin) economic and trade index was launched on June 16 in 
Harbin, capital of northeast China's Heilongjiang Province.

The index, developed by experts from institutions including the Chinese Academy 
of Social Sciences (CASS), the Renmin University of China (RUC) and the 
University of International Business and Economics (UIBE), and organized by the 
China Economic Information Service (CEIS), is expected to reflect the economic 
and trade exchanges and also the trend of trade development between China and 
Russia, in an all-round, multi-level and objective manner.

Comprised of a national trade index and a regional trade index, the first issue 
of the Sino-Russian (Harbin) economic and trade index specifically covers the 
Sino-Russian trade index, Sino-Russian import index, Sino-Russian export index, 
intra-industry trade index and trade complementarity index.

It also includes Harbin urban influence coverage index which will help build 
Harbin into a hub city open to Russia by providing related decision support.

The index is not only a comprehensive review of and research on cooperation 
between Heilongjiang and Russia's counterparts, but also a guide in data 
support for their economic and trade cooperation, said Ma Youjun, an expert 
with the Heilongjiang Provincial Academy of Social Sciences, adding that big 
data support will be needed in the future Sino-Russian regional, investment and 
industry cooperation. 

Source: China Economic Information Service