China, Russia ink over 30 deals to cooperate in range of sectors
Print Edition
CHINA and Russia signed over 30 cooperation documents in energy, investment, finance, high technology and other areas during the 20th China-Russia Prime Ministers’ Regular Meeting yesterday.
Energy giants Sinopec and Rosneft signed an memorandum of understanding on oil and gas projects in eastern Siberia while CNPC and Gazprom inked a deal on the design and building of the cross-border section of China-Russia east-route natural gas pipeline.
China Development Bank and Russia’s state corporation Vnesheconombank (VEB) also signed an agreement on a 10 billion yuan (US$1.5 billion) loan.
“The slew of deals signed between China and Russia is a testimony of a higher level of our relationship, and we are determined to ensure their implementation,” Premier Li Keqiang said when meeting the press along with his Russian counterpart Dmitry Medvedev.
With the sluggish global economic recovery, lower commodity prices and downward pressure for economies, China and Russia have faced common challenges for growth, Li said.
“But China and Russia have faced downward pressure on the economy head on,” he said, citing more Chinese commodity imports from Russia and rising bilateral cooperation in energy, equipment, high technology and e-commerce.
Both premiers called on the two countries to find new growth engines.
China proposed joint efforts to set industrial capacity and equipment manufacturing as new areas to power the economy, urging implementation of key cooperation projects and more cooperation in areas including energy, finance, aviation, agriculture and military technology.
Li also proposed cooperating in oil exploration, development and refineries, and aligning China’s development strategies of innovation, mass entrepreneurship and “Made in China 2025” plan with Russia’s development strategy by 2020.
China is willing to work with Russia to join China’s Silk Road Economic Belt initiative with the Russian development strategy as well as the Russia-initiated Eurasian Economic Union, Li said.
China and Russia have made breakthroughs in agricultural cooperation, Medvedev said, praising cooperation documents signed on quarantine inspection requirements on exporting Russian wheat, corn, rice and soybean to China.
Russia hopes to work with China on future cooperation and explore new ways and areas for cooperation, Medvedev said, suggesting both sides work in trade and investment, mining resources, oil and gas, nuclear, aerospace, agriculture, and finance.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
