The World - News from July 11, 1985

The Soviet Union and China signed a $14-billion trade agreement calling for the doubling of bilateral trade by 1990 and a second pact under which Moscow will help China modernize its industry, partly by overhauling factories built during the 1950s with Soviet assistance. The agreements were signed in Moscow by Chinese Vice Premier Yao Yilin and Soviet First Deputy Premier Ivan V. Arkhipov. The trade pact, covering the years 1986 to 1990, provides for increasing trade from about $1.6 billion now to over $3 billion in 1990, the Soviet news agency Tass reported.