MOSCOW, March 26 (Xinhua) -- Chinese enterprises will
sign four contracts worth over 500 million U.S. dollars to buy machinery and
electric products from their Russian counterparts during a Chinese national
exhibition here, a top Chinese trade official said on Monday.
Chinese enterprises will also sign another six
contracts to supply machinery and electric products worth 1.128 billion dollars
to Russia, Vice Minister of Commerce Yu Guangzhou said at an electric trade fair
held on the first day of the Chinese national exhibition due in Moscow on March
26-29.
"It is the common objective of the two countries to
increase the share of machinery and electric products in mutual trade," Yu said.
"Machinery constitutes a small fraction of bilateral
trade turnover. The sides must undertake efforts to increase the competitiveness
of the output of their machine-building products," Yu said.
According to official statistics, the China-Russia
bilateral trade turnover of machinery and electric products last year was 5.85
billion dollars, but only 247 million dollars of importation was from Russia.
Russia mainly delivered oil, petrochemicals and timber to China last year.
Related:
China, Russia reach common ground on
major international issues
MOSCOW, March 26 (Xinhua) -- China and Russia have reached
common ground on major international issues as Chinese President Hu Jintao and
his Russian counterpart Vladimir Putin met here on Monday.
After their talks, the two leaders signed a joint statement, outlining the
two countries' concerted attitudes to and stances on some major international
issues. Full story
China, Russia to boost co-op in trade,
investment, energy
MOSCOW, March 26 (Xinhua) -- Visiting Chinese President Hu
Jintao and Russian President Vladimir Putin Monday vowed to boost cooperation in
trade, investment, energy and other sectors.
In a joint statement signed by the two leaders
Monday, Hu and Putin noted the vigorous development of trade cooperation between
the two countries in recent years. Full story
Print
