China and Russia agreed in Hangzhou on Friday to improve the
trade structure, expand investment and technological cooperation in
line with the principle of reciprocity.
Vice Premier Wu Yi and her Russian counterpart Alexander Zhukov
held a meeting in Hangzhou, capital of east China's Zhejiang
Province, to prepare for the regular meeting between the prime
ministers due to be held in Moscow in November.
Wu said Sino-Russian strategic and cooperative partnership had
stepped into the second decade. The bilateral trade had exceeded
US$30 billion in the first eight months and could reach record high
at the end of the year.
She said the two countries had improved the trade structure and
cooperation on energy resources, nuclear power, science and
environmental protection had made remarkable achievement.
She particularly mentioned the two countries should speed up the
cooperation on infrastructure and wood intensive processing.
Alexander Zhukov said "the Year of China" in Russia had enhanced
the cooperation in all fields, the trade between the two countries
had increased and enterprises cooperation had been vigorous.
He said Russia would hold the Winter Olympic Game in 2014 and
the Asia-Pacific Economic Cooperation meeting in 2012, and this
would bring about rare chance for economic cooperation between
Russia and China.
He hoped the two sides would expand machinery and electronic
product trade, and strengthen the infrastructure construction of
the port and the border trade.
After the meeting, the two sides signed an agreement on
establishing a trade council on machinery and electronic
product.
(Xinhua News Agency September 29, 2007)
