Special Report: President Hu visits
Russia
Special
Report: Year of China in Russia
MOSCOW, March 29 (Xinhua) -- The ongoing Chinese
National Exhibition in Moscow has turned out to be a massive boon to bilateral
trade between China and Russia, especially in machinery and electrical products,
officials said here Thursday.
"To enlarge Sino-Russian trade in machinery and
electrical products, the two sides should cooperate in priority areas such as
electricity, nuclear energy, space, telecommunications, electronics,
shipbuilding and automobiles," Chinese Vice Minister of Commerce Yu Guangzhou
said at the exhibition.
A key event of the "Year of China" in Russia, the
March 26-29 exhibition has attracted many Chinese enterprises covering a wide
range of fields like automobiles and fittings, machine manufacturing and home
appliances.
The event was launched as visiting Chinese President
Hu Jintao and his Russian counterpart Vladimir Putin this week reached common
ground on improving the two countries' trade structure, especially in raising
the imports of Russia's machinery and electrical products to China.
A Chinese purchasing group, consisting of 100
companies specializing in the fields of electrical equipment, electronic
products, general machinery and engineering machinery, attended the exhibition.
Zhang Yujing, Executive Vice President of the China
Chamber of Commerce of Import and Export of Machinery and Electronic
Products(CCCME), said in an interview with Xinhua that with a long history and
solid foundations, Russia's manufacturing sector had a great deal of products
suitable for the Chinese market.
According to Zhang, China's imports will reach 1
trillion U.S. dollars by 2010, a large market for the Russian products.
Chinese enterprises have signed four contracts worth
about 509 million dollars to buy machinery and electrical products from their
Russian counterparts during the fair. Another six contracts were signed to
supply machinery and electrical products worth 1.128 billion dollars to Russia.
Official statistics showed that China-Russia
bilateral trade turnover in machinery and electrical products stood at 5.85
billion dollars last year.
Although the sector experienced a 61-percent rise
when compared to the previous year, it accounted for less than 20 percent of the
whole bilateral trade volume.
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
Chinese president arrives in Moscow
for visit
MOSCOW, March 26 (Xinhua) -- Chinese President Hu Jintao
arrived in Moscow on Monday for a state visit aimed at strengthening the
Sino-Russian strategic partnership of cooperation.
In a written statement issued upon his arrival at the
airport, Hu said that the year 2006 saw "important progress made in the
development of Sino-Russian relations." Full story
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