Russia economic situation

Gradual recovery in the global economy, driven in 2010, the Russian economy has shown signs of stabilization for the better, reversed the 2009 GDP fell 7.9% year on year decline, the annual economic growth target of 4% of the expected realized. However, in the course of the current global economic recovery, there are still many uncertainties, it continues to consolidate economic recovery and development to accelerate the pace of economic restructuring, the Russian economy in 2011 will face an important challenge. Russia is optimistic about next year's economic development? Russia will be implemented in the future, what kind of economic strategy and how to adjust the economic structure? Interview with this reporter on issues related to the Chinese Embassy in Russia, Economic Counsellor Pei Jiansheng.
Pei Jiansheng: In general, fluctuations in Russia's economic growth was restored. After January's slowdown and decline, 2 June gradually accelerate economic growth, stagnation September 6, September and showing positive growth. The first three quarters of the main economic indicators, Russia's economy back on a growth trend in the overall show. First three quarters of GDP growth of 3.4% year on year, industrial production rose 8.9%, in particular, strong growth in processing industries, an increase of 12.6%.
Meanwhile, Russia's foreign exchange reserves, the Reserve Fund and National Wealth Fund is more abundant. First three quarters of Russia's foreign exchange reserves increased $ 50,649,000,000. As of October 1, 2010, the Russian foreign exchange reserves totaled 490.099 billion U.S. dollars. Russia's reserve fund over the same period amounted to 1.25826 trillion rubles, or about 41.39 billion U.S. dollars, total national wealth fund 2,772,150,000,000 rubles, or about 89.54 billion U.S. dollars.
Furthermore, Russia's government budget revenues, budget deficits down. According to the Russian Ministry of Finance estimates, three quarters of Russia's budget revenues 6.007 trillion rubles, representing 18.4% of GDP, higher than the same period in 2009, 0.3 percentage points, to 6.7346 trillion rubles in budget expenditure, accounting for 20.6% of GDP, lower than 2009 2.3 percentage points over the same period. Budget deficit for the first three quarters of Rs 727.6 billion, accounting for 2.2% of GDP (compared with 1.3272 trillion rubles, representing 4.7% of GDP).