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China, Russia walk on road of common development

(People's Daily Online)

09:17, June 07, 2012

At the invitation of Chinese President Hu Jintao, the President of Russia Vladimir Putin pays a state visit to China between June 5 and 7 and attends the 12th meeting of the Council of Heads of Member States of the Shanghai Cooperation Organization.

This visit will have a great significance for further deepening the China-Russia comprehensive strategic partnership of cooperation and play an important role in safeguarding the regional stability and international strategic balance.

The virtuous development of the China-Russia relations is first out of the two countries' national strategic interests of the common development and accelerating their rejuvenations.

Not long ago, President Putin highly appraised the Russia-China relations in his election program on foreign policies, saying that Russia needs a prosperous and stable China and China needs a powerful and successful Russia. Meanwhile, he also emphasized that the advantages of the two countries should be brought into full play, the technologies and productive potentials of the two countries should be combined firmly, and Russia's "economic sail" should be blown up by the "China wind."

During Vice Premier of China Li Keqiang's visit in Russia this April, the leaders of the two countries reached firm common views on further deepening China-Russia economic cooperation and realizing the common development.

In recent years, China-Russia economic cooperation made many significant achievements. In 2011, the bilateral trade volume between the two countries was about 90 billion U.S. dollars. China has become the largest trade partner of Russia. Meanwhile, the potential of China-Russia economic cooperation has not been brought into full play yet, and the investment cooperation and industrial cooperation between the two countries still need to catch up.

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