Russia High-tech Exhibition Has Good Beginning

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Last updated at: (Beijing Time) Sunday, April 28, 2002

Russia High-tech Exhibition Has Good Beginning

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Sino-Russian contracts worth nearly 50 million US dollars were signed on the first day of the Russian high-tech exhibition which opened Monday in Shenyang, capital of northeast China's Liaoning province.

The contracts were mainly concentrated in the fields of aviation, mechanical manufacturing, the chemical industry and nanometer technology.

A Russian official said that cooperation between the two countries in high-tech fields will promote bilateral trade development and help optimize the trade and commodity structure.

A Russian business representative said at the exhibition that in the past, China imported only goods for heavy industry from Russia, while Russia looked at only Chinese light industrial goods. This meant bilateral trade was not satisfactory.

Nowadays, trade between the two countries is diversifying, he added.

According to an earlier report, bilateral trade figures hit a record high of 10.67 billion US dollars last year, an year-on-year increase of 33 percent.

Exhibition Featuring Russian High Tech Opens

The exhibition aims to show Russia's state-of-the-art technology in a range of sectors including machinery, space and aeronautics, electronics, information, energy-saving industries, light industries and environmental protection.

More than 500 delegates from 250 Russian businesses have come to the exhibition, bringing high-tech products, equipment, craftsmanship, materials and some investment projects.

Organizers expect over 10,000 Chinese business representatives and scientists from some 60 regions to attend and discuss cooperation with their Russian partners in high-tech sectors.

In parallel with the exhibition will be a Sino-Russian cooperation forum, an exhibition of traditional and modern Russian paintings and a Russian food festival.

Russian Prime Minister Mikhail Kasyanov sent a congratulatory message to the exhibition, saying that the Russian government thinks highly of its cooperation with China in science and

technology sectors.

The exhibition, which aims to demonstrate Russia's high technology and industrial strength, has also been held in Washington, Rome, Manama in Bahrain, and Moscow.

This year's exhibition is sponsored by the Sino-Russian Friendship Committee for Peace and Development, a Russian federation of industrialists and entrepreneurs and the Municipal

Government of Shenyang.

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