| Chinese, Russian companies ink $2 bln contracts |
| Monday,June 11,2007 Posted: 05:21 BJT(2121 GMT) Xinhua |
ST. PETERSBURG, Russia -- Chinese and Russian companies on Sunday inked a series of contracts ranging from agriculture to car-making, on the sidelines of an international economic forum. The 19 contracts are valued at about 2 billion U.S. dollars. Chinese Vice Premier Wu Yi and her Russian counterpart Alexander Zhukov were present at the signing ceremony. "The soaring Chinese and Russian economies made us both attractive markets and investment destinations and forged a solid economic foundation for bilateral cooperation," Wu told a round-table meeting on China-Russia trade and economic ties. Wu is leading a Chinese delegation to participate in the 11th St. Petersburg International Economic Forum. Russia is China's No. 8 trading partner, and China is Russia's fourth-largest trading partner. Bilateral trade hit 33.4 billion dollars in 2006, up 15 percent year on year and nearly five times that of 1992. Chinese President Hu Jintao has predicted that bilateral trade would reach 60 billion to 80 billion U.S. dollars by 2010. Wu asked Chinese and Russian companies, especially big ones, to expand cooperation in areas such as energy, financial service and civilian aircraft manufacturing. Zhukov hailed the development of Russian-Chinese relations, which feature soaring trade volumes and progress in two-way investments. Noting that the Russian government encourages companies to boost cooperation with Chinese businesses, he expressed confidence that bilateral trade would hit the set goal of 60 billion dollars in 2010. |
 | Huge potential for China-Russia trade in vehicles, auto parts 2007-06-18 07:49 |
| China-Russia bilateral trade to exceed $40 billion 2007-06-18 07:01 |
| Mme. Wu Yi Attends the “Round Table Conference on Sino-Russia Trade and Investment Cooperation” 2007-06-15 09:44 |
| Russia-China oil link nears completion 2007-06-15 05:10 |
| Chinese, Russian vice premiers hail economic ties 2007-06-13 05:43 |
| Huawei to increase investment in Russia 2007-06-11 07:28 |
| China Eximbank sets up branch office in Russian economic hub 2007-06-11 06:54 |
| Chinese communications giant to increase investment in Russia 2007-06-11 06:54 |
| Seeking stronger business ties with Russia 2007-06-08 06:24 |
All articles marked with "Article type: Original" posted on the website of the Ministry of Commerce and its sub-sites are copyrighted by this Website and its sub-sites. Any reproduction or use by any other websites, media or individuals must be attached with a clear indication of "Source: Ministry of Commerce Website".
All articles posted on this website or its sub-sites marked with "Article type: reproduced" or "Article type: translated" and "Article type: redistributed" come from other media, and are provided solely for the user's information, which does not mean this Website or its sub-sites endorse the ideas thereof or assume any legal liability or responsibility for their authenticity. Any other media, websites or individuals must maintain the source of information indication on this Website or its sub-sites when using the information, and shall assume legal liability for the use.
