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Putin visit a herald of closer relations

(China Daily)

09:03, October 11, 2011


Chinese Vice-Premier Wang Qishan and his Russian counterpart Alexander Zhukov looking at a photo during the sixth China-Russia Economic and Business Summit in Beijing on Monday. In 2010, bilateral trade grew 43.1 percent year-on-year to $55.45 billion. Wu Zhiyi / China Daily

BEIJING - China and Russia signed a package of trade and investment agreements worth $7.1 billion on Monday, while high-level officials from both sides pledged to strengthen economic cooperation amid the global debt crisis.

One day before the start of Russian Prime Minister Vladimir Putin's official visit to China, businessmen from China and Russia signed 16 economic and trade cooperation deals, mainly in the new energy, mining, machinery, vehicle, electronics and agricultural sectors.

"China and Russia are both committed to conducting a transformation of their economic development, and there is a strong willingness on both sides to enhance bilateral economic cooperation," said Chinese Vice-Premier Wang Qishan, speaking at the opening ceremony of the sixth China-Russia Economic and Business Summit in Beijing on Monday.

"We suggest the two nations expand mutual investment and promote a wider range of cooperation in the sectors of new energy, energy conservation and environmental protection, high technology, advanced equipment, bio-pharmaceuticals and information technology," he said.

At the invitation of Chinese Premier Wen Jiabao, Putin is scheduled to start a two-day official visit on Tuesday, attending the 16th regular meeting between the two countries' premiers.

This is his first trip abroad since announcing he would seek to regain the nation's presidency. Accompanied by a 250-member delegation including top business leaders, Putin will meet top Chinese leaders including Chinese President Hu Jintao.

During Putin's meeting with Wen, China and Russia are to sign a "cooperative memorandum for economic modernization" to further clarify the approach to bilateral economic cooperation, said Wang.

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Email|Print|Comments(Editor:梁军)

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Anthony Chan from Austra at 2011-10-11130.102.158.*
It is a good news to learn the relationship between China and Russia are getting better.
Anthony Chan from Austra at 2011-10-11130.102.158.*
It is a good news to learn the relationship between China and Russia are getting better.
  

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