Xi says China-Russia economic, trade cooperation boasts great potential

Updated 2017-07-03 14:52:41 Xinhua

Chinese President Xi Jinping said Monday that China-Russia economic and trade cooperation has great potential to be tapped as many new growth areas are emerging from structural optimization.[Special coverage]

Xi made the remarks in an interview with Russian media ahead of his departure for the July 3-4 state visit to Russia.

The Chinese president said he and Russian President Vladimir Putin both think China and Russia should deepen economic and trade cooperation so as to reinforce their interests bond and better benefit the two peoples.

Economic and trade cooperation enjoys the broadest basis in China-Russia practical cooperation, and has great potential to be tapped because many new areas of growth are emerging from its structural optimization, Xi told the Russian media.

Xi cited the growth could be achieved from increased trade of mechanical and electrical and hi-tech products, smooth investment cooperation, deepening financial cooperation, the rapidly growing farm produce trade, the Far East development cooperation on a faster track, and a steady progress in strategic cooperation projects and cross-border infrastructure construction.

Strategic projects in sectors such as energy, nuclear and aerospace serve as the cornerstones of cooperation, where the two countries should join efforts in research, production and application of cooperation achievements, Xi said.

He added that joint cross-border infrastructure projects such as the building of an international transport corridor and the North Polar sea-route will help promote interconnectivity to inject new vigor into the cooperation.

Xi also highlighted bilateral efforts underway to boost alignment of the China-proposed Belt and Road Initiative with the Russia-led Eurasian Economic Union, which he said will help open more cooperation space by facilitating investment and trade, and by increasing business opportunities and movement of technology and capital, among others, to benefit all parties involved.

Meanwhile, the Chinese president stressed the key role of small- and medium-sized enterprises (SMEs) in economic growth, innovation and job creation, urging efforts to boost the SME cooperation between the two sides.

"The two governments should create a favorable environment for cooperation between SMEs of the two countries, and encourage their interest in this aspect, enabling them to grow along, boost each other and work together with big enterprises to open third-party markets," Xi suggested.

Also in the News

Nicole Kidman Recalls Oscar Glory: Loneliest Time
Showbiz2016/06/16 13:58September 23 2017 01:02:58

Nicole Kidman Recalls Oscar Glory: Loneliest Time

Attending Shanghai International Film Festival, Nicole Kidman talks about her role in "Grace of Monaco".

Labor Day Travel Peak Starts
Also in the News2014/05/01 12:16September 23 2017 01:02:58

Labor Day Travel Peak Starts

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'
Also in the News2014/04/18 13:18September 23 2017 01:02:58

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'

Hollywood star Johnny Depp's speech in the upcoming new film "Transcendence" has been disclosed on Friday, April 11th.

Most Watched

News:
China World Business Sports Showbiz Audio
Video:
C4 My Chinese Life The Sound Stage China Revealed Showbiz Video Travel Video
Photos:
China World Fun Travel Entertainment Sports
Travel:
Beijing Shanghai Guangzhou
Lifestyle:
Live Music Opera & Classical Movies Traditional Shows Exhibitions
Learn Chinese:
Chinese Studio Living Chinese Everyday Chinese Just For Fun Chinese Culture Buzzwords