China, Russia vow to boost cooperation
Print Edition
CHINESE President Xi Jinping and his Russian counterpart Vladimir Putin promised ever-closer cooperation yesterday as they met for the 10th time in less than two years.
The leaders have increasingly stressed their shared outlook, which mirrors the countries’ converging trade, investment and geopolitical interests. The two sides also signed a series of agreements to step up their multi-billion-dollar natural resources collaboration.
“Together we have carefully taken care of the tree of Russian-Chinese relations,” Xi told Putin at the Diaoyutai State Guesthouse in Beijing. “Now fall has set in, it’s harvest time, it’s time to gather fruit.”
“No matter the changes on the global arena, we should stick to the chosen path to expand and strengthen our comprehensive mutually fruitful cooperation.”
Putin said that Russia-China cooperation was “very important for keeping the world within the framework of international law, to make it more stable, more predictable.”
“Me and you have done a lot for this and I am sure we will continue to work in this manner in the future,” he said.
After a decade of negotiations, the countries signed a 30-year gas deal worth US$400 billion during a visit to China by Putin in May.
Yesterday they stepped up the engagement, with Russia’s Rosneft and China National Petroleum Corp (CNPC) signing an agreement for the Chinese firm to take a 10 percent stake in a huge Siberian energy project.
CNPC also signed deals on gas supplies and transport routes, while several banking agreements were also inked.
The two countries have carried out joint military exercises on land and sea and Kremlin spokesman Dmitry Peskov said yesterday that “significant attention was dedicated to mutual transactions in all areas, including sensitive areas such as military and technical cooperation.”
China’s tightly controlled currency, which Beijing wants to internationalize, also came up, with Peskov saying it was a “possible reserve currency.”
Putin is visiting China for the Asia-Pacific Economic Cooperation summit, which starts tomorrow and will also be attended by United States President Barack Obama, Japan’s Prime Minister Shinzo Abe and other leaders.
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