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China-Russia cooperation has huge potential (2)

(Xinhua)

09:48, December 05, 2012

The visit is expected to enhance bilateral relations and facilitate cooperation, experts say.

An efficient mechanism of high level political contacts also facilitated pragmatic economic and trade cooperation between the two countries, experts said, adding bilateral trade had grown remarkably this year.

Russia and China need to increase the share of machinery, high-technology, and innovative production with high added value in their future economic cooperation, according to local experts.

"On one hand, the upstream dynamic is visible, which is a positive sign. On the other hand, the share of the production with high added value remains very little, which we have to work on," Sanakoyev said.

Besides working closely on bilateral ties, the two countries also jointly addressed major international issues. Alexei Maslov, a scholar at Russian Peoples' Friendship University, highly praised the coordination between the two partners in the UN Security Council.

Meanwhile, China and Russia started to look for new forms of cooperation within the framework of the Shanghai Cooperation Organization (SCO), Maslov said.

Carrying out productive economic and security cooperation, the group has grown into a constructive force and played a major role in geopolitics in the Eurasian region.


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