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China-Russia cooperation fosters prosperous Asia Pacific: Chinese ambassador

(Xinhua)

14:25, September 03, 2012

MOSCOW, Sept. 3 (Xinhua) -- As giant neighbors and emerging economies in the Asia-Pacific region, the win-win cooperation between China and Russia will promote prosperity in the entire region, according to Chinese Ambassador to Russia Li Hui.

China-Russia trade and economic cooperation was a pillar of Asia-Pacific regional cooperation. The two partners took the growth of each other as crucial opportunities and bilateral cooperation as one of their main priorities, Li said in an article written ahead of the APEC annual meetings in Russia's Far Eastern city of Vladivostok.

In 2011, trade volume between China and Russia reached 83.2 billion U.S. dollars. "Bilateral trade growth maintains good momentum this year and will reach the goal of 100 billion dollars in 2015 and 200 billion dollars in 2020," he said.

Meanwhile, mutual investment enjoyed steady growth and cooperation in the energy, high-tech and financial sectors were strengthened in recent years, Li said.

Regional and cross-border cooperation between China's northeast region and Russia's Far East and Eastern Siberia regions also "injected new impetus" into bilateral ties, the diplomat said.

According to Li, closer economic ties between China and Russia not only benefit the two peoples and the two countries, but also contribute to the common growth and prosperity of the entire region.

During the upcoming Economic Leaders' Meeting of the Asia-Pacific Economic Cooperation (APEC) forum this week, Russian President Vladimir Putin would meet his Chinese counterpart, Hu Jintao, on further deepening the two countries' comprehensive strategic partnership of coordination, Li said.

Leaders of the APEC economies would also take this chance to share their visions on the region's future growth, he said.


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