Wen seeks growth in trade with Russia
Source: Xinhua |
November 25, 2010, Thursday
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Print Edition
Print Edition
CHINA has voiced its commitment to stepping up cooperation with Russia in such fields as trade, mutual investment and energy.
Economic and trade cooperation is a very important part of China-Russia relations which is now at its best stage, Chinese Premier Wen Jiabao said in Moscow.
Wen's remarks came during his address at a China-Russia business summit in the Russian capital.
He noted that China will be more dedicated to deepening bilateral cooperation and enriching the partnership to a higher level and called on the two nations to further open their markets to each other.
Economic and trade cooperation between China and Russia has also been on the rise. The latest statistics show that their bilateral trade volume stood at US$45.1 billion from January to October, surging 45 percent compared with the same period in 2009.
Bilateral trade volume for the whole year is expected to rebound to the pre-crisis level.
Wen said China welcomes more Russian companies to establish business in China. As for mutual investment schemes, Wen suggested that the two sides need to reduce investment barriers and take effective measures to promote large projects and improve the quality of their mutual investment cooperation.
"China will encourage its enterprises to take an active part in Russia's economy in fields such as infrastructure, power network reconstruction and high-speed railway," Wen said.
He noted that China supports its financial institutions in launching investment projects in foreign countries such as Russia. He promised favorable conditions to boost China-Russia investment projects.
He also called on the two countries to intensify cooperation on technology and innovation, indicating that the two share common interests in such fields as space science, nuclear power and bioengineering.
Prior to his keynote speech, he presented awards to Russians who had made significant contributions to China-Russia energy cooperation.
Wen late met Russian President Dmitry Medvedev in Moscow.
Economic and trade cooperation is a very important part of China-Russia relations which is now at its best stage, Chinese Premier Wen Jiabao said in Moscow.
Wen's remarks came during his address at a China-Russia business summit in the Russian capital.
He noted that China will be more dedicated to deepening bilateral cooperation and enriching the partnership to a higher level and called on the two nations to further open their markets to each other.
Economic and trade cooperation between China and Russia has also been on the rise. The latest statistics show that their bilateral trade volume stood at US$45.1 billion from January to October, surging 45 percent compared with the same period in 2009.
Bilateral trade volume for the whole year is expected to rebound to the pre-crisis level.
Wen said China welcomes more Russian companies to establish business in China. As for mutual investment schemes, Wen suggested that the two sides need to reduce investment barriers and take effective measures to promote large projects and improve the quality of their mutual investment cooperation.
"China will encourage its enterprises to take an active part in Russia's economy in fields such as infrastructure, power network reconstruction and high-speed railway," Wen said.
He noted that China supports its financial institutions in launching investment projects in foreign countries such as Russia. He promised favorable conditions to boost China-Russia investment projects.
He also called on the two countries to intensify cooperation on technology and innovation, indicating that the two share common interests in such fields as space science, nuclear power and bioengineering.
Prior to his keynote speech, he presented awards to Russians who had made significant contributions to China-Russia energy cooperation.
Wen late met Russian President Dmitry Medvedev in Moscow.
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