Russia and China cement business ties
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Russia and China cement business ties

Beijing : China | Jun 06, 2012 at 9:57 AM PDT
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Putin in Beijing for security talks with Chinese leaders

Russian President Putin and Chinese president Hu Jintao have signed multiple agreements governing cooperation on investment, energy, and technology. The signing happened during Putin's recent three day visit to China.

The two leaders pledged economic cooperation during the present global economic turmoil. Hu noted:"China and Russia are both committed to restructuring their economy and addressing the risks and adverse influence in the global economy," The goal of the two countries is to reach trade levels of 100 billion US. by 2015 doubling to 200 billion by 2020. In 2011 the level was just 80 billion but this itself was 42 per cent higher than the year before.

China and Russia also signed 12 different diplomatic and business agreements and established a 4 billion dollar joint investment fund. Russia already provided 15 million tons of crude oil through exclusive pipelines last year and expects sign an agreement to provide natural gas as well to serve China's expanding industries. For much more see this article.



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China's Premier Wen Jiabao shakes hands with Russia's President Vladimir Putin during a meeting in Beijing
China's Premier Wen Jiabao shakes hands with Russia's President Vladimir Putin during a meeting in Beijing
northsunm32 is based in Brandon, Manitoba, Canada, and is an Anchor for Allvoices.
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READ MORE: Russia China relations, Trade, putin, Russia, China, President Vladimir Putin, President Hu Jintao
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Post a Comment Comments: 4
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Posted By atifji75 atifji75 | 12 months ago
Well Managed. Thanks For Sharing This Report. Rated Up
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Posted By saleh1966 saleh1966 | 12 months ago
In addition to above Russia and China are firmly opposing any attempt to resolve the crisis in Syria by means of a foreign military intervention, as well as to impose a regime change.....because Assad forces are not bombing their cities .. I wish very soon failure of this alliance .
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Posted By mhatter99 Martin Kloess | 12 months ago
well written - thank you
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