The trains departing Wuhan carry automobiles, electronic components, steel products and optical fibers and cables, while returning trains are usually loaded with dairy products from Belarus, wine from France and beer from Germany.
The two sides also expressed their hope for cooperation under the Belt and Road Initiative.
The two entrepreneurs, among the most luminary business figures in China, have not shied away from the inevitable head-to-head confrontation. During the 2017 Global Fortune Forum in Guangzhou, Guangdong province, the duo publicly admitted to respecting each other while having to butt heads across so many areas.
The two signed an agreement for the joint venture Thursday at the ongoing 2018 China "Internet Plus" & Digital Economy Summit in Southwest China's Chongqing municipality.
The turnover of mother and infantproducts surged 400 percent in the first 15 minutes, compared with a year ago, while sales revenues from fitness and healthcare products as well as cosmetics jumped 346 percent and 136.5 percent respectively within the first hour of Nov 11.
The two countries are promoting links between the Belt and Road Initiative and the Eurasian Economic Union, demonstrating efforts by China and Russia to work together to face global challenges, said Sergei Lousianin, director of the Institute of Oriental Studies of the Russian Academy of Sciences.
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The two presidents have met twice this year, in Mar-a-Lago in Florida in April and in Hamburg, Germany during the G20 summit in July.
The turning point came in 2015, when charity organization Heifer International carried out its poverty relief program in Macheng.
The two presidents also decided to further align the China-proposed Belt and Road Initiative with the Eurasian Economic Union, and build bilateral ties into a ballast stone for world peace and stability.
The two countries have also conducted six joint naval exercises since 2012, most recently from July to September. Currently, they are carrying out their second joint computer-assisted, missile-defense drill in Beijing. The first was held in Russia in May last year.