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"The Chinese National Exhibition in Russia is the largest ever overseas display of Chinese culture and economic development, which is held abroad in the name of the country," Hu said in his address to the ceremony.

The exhibition, one of the most significant events to be held during the Year of China in Russia, not only showcases the splendid culture and history of China, but also reflects the achievements and successes of China's reform and opening-up policy, Hu added.

Hu pointed out that the exhibition is an event that will carry forward the tradition of friendship between the two peoples, and it serves as a platform for enhancing cooperation between the two countries.

Putin spoke highly of the exhibition in his speech, saying that "the exhibition would help Russian people understand China's current capabilities of production and technology, so as to not only increase the bilateral trade volume, but improve the quality of cooperation as well."

"The theme of the exhibition -- Win-win cooperation and Harmonious Development -- matches the current Sino-Russian strategic partnership of cooperation perfectly. For Russia, China has always been and remains one of the most important economic partners in the world," said Putin.

The four-day exhibition, sponsored by the Ministry of Commerce of China, covers over 30 industries ranging from energy to home appliances, and more than 15,000 kinds of products were exhibited in an area of 20,000 square meters at the expo center.

In connection with the exhibition, Chinese and Russian enterprises signed 21 agreements and contracts of US$4.3 billion after the opening ceremony.

(Xinhua News Agency March 28, 2007)