Russian expects stronger China ties
By Lu Feiran |
May 21, 2010, Friday
|
Print Edition
Print Edition
RUSSIA expects to strengthen cooperation with China on infrastructure projects in the near future, Boris Gryzlov, chairman of Russia's State Duma, said yesterday in Shanghai.
Gryzlov said the most impressive project will be a petroleum pipeline from Russia's Skovorodino to Mohe in northeast China's Heilongjiang Province. The pipeline will measure 1,000 kilometers and deliver about 15 million tons of petroleum to China each year. The Russian section of the pipeline has been completed.
The chairman also said that the two countries are now discussing developing a natural gas pipeline.
The pipeline is divided into two sections: the western part stretches from Siberia to northeast China while the eastern part continues on to Russia's Sakhalin Island.
Gryzlov also said bilateral trade may reach US$60 billion between the two countries in the next year or two, meeting the goal they set three years ago.
According to statistics by China's Ministry of Commerce, trade between the nations was about US$39 billion last year, falling near 30 percent from 2008 due to the financial crisis.
In the first three months of this year, trade between the two countries was nearly US$12 billion, a 40 percent increase year on year. "With the momentum, we believe the goal of US$60 billion will be met," Gryzlov said.
Gryzlov also said that this year is the "Russia-Chinese Year," and 25,000 Russian students are learning Chinese. After they graduate, they are expected to contribute to bilateral trade.
Gryzlov said the most impressive project will be a petroleum pipeline from Russia's Skovorodino to Mohe in northeast China's Heilongjiang Province. The pipeline will measure 1,000 kilometers and deliver about 15 million tons of petroleum to China each year. The Russian section of the pipeline has been completed.
The chairman also said that the two countries are now discussing developing a natural gas pipeline.
The pipeline is divided into two sections: the western part stretches from Siberia to northeast China while the eastern part continues on to Russia's Sakhalin Island.
Gryzlov also said bilateral trade may reach US$60 billion between the two countries in the next year or two, meeting the goal they set three years ago.
According to statistics by China's Ministry of Commerce, trade between the nations was about US$39 billion last year, falling near 30 percent from 2008 due to the financial crisis.
In the first three months of this year, trade between the two countries was nearly US$12 billion, a 40 percent increase year on year. "With the momentum, we believe the goal of US$60 billion will be met," Gryzlov said.
Gryzlov also said that this year is the "Russia-Chinese Year," and 25,000 Russian students are learning Chinese. After they graduate, they are expected to contribute to bilateral trade.
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