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Enriched China-Russia cooperation to yield more fruits

(Xinhua)

13:24, April 24, 2012

MOSCOW, April 24 (Xinhua) -- Chinese Vice Premier Li Keqiang is to pay an official visit to Russia on April 26-30 in a time when bilateral relations have hit an all-time high.

The two neighbors have maintained frequent high-level political contacts. Chinese President Hu Jintao just met his Russian counterpart Dmitry Medvedev in late March on the sidelines of the fourth BRICS Summit in New Delhi, india and both sides agreed to lift bilateral ties to a new height.

The upcoming visit by Li to Moscow is expected to enhance bilateral relations and facilitate cooperation.

The good relations between China and Russia have already borne fruits in their pragmatic cooperation, especially in economy and trade.

According to the Russian Federal Customs Service, China became Russia's top trade partner in the first two months of 2012, with bilateral trade volume growing by 21.1 percent year-on-year to 13.3 billion U.S. dollars.

Russian Upper House Speaker Valentina Matviyenko told Xinhua she believed bilateral trade would hit 100 billion U.S. dollars in 2015 and 200 billion dollars in 2020, a target set by both Chinese and Russian leaders.

"Economic cooperation between the two has been developing successfully ... Taking into account our common wills in mutually beneficial cooperation, this goal is quite realistic," Matviyenko said.

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