Beijing: China has become Russia's biggest trading partner, with exports and imports between the two countries at $50.8 billion from January to August, a media report on Sunday said.

This year marks the 10th anniversary of the signing of China-Russia Good Neighborly, Friendly Relations and Cooperation Treaty.

At a meeting on customs cooperation Oct 7, both sides agreed that they should seize the new opportunities for rapid development of bilateral relations, further deepen cooperation and make contributions to achieve the bilateral trade targets of $100 billion before 2015 and $200 billion before 2020, People's Daily Online reported.