President Hu Jintao said ahead of his upcoming visit to Russia
that China-Russia trade would reach US$60 billion to US$80 billion
by 2010.
"I believe the trade volume of the two countries would surely
meet the target of US$60 billion to US$80 billion by 2010 with
deepening bilateral strategic partnership of cooperation," Hu told
Russian journalist on March 20.
Hu highlighted China-Russia trade cooperation, saying bilateral
trade had maintained rapid increase in eight consecutive years and
reached US$33.4 billion in 2006.
China and Russia had enjoyed sound cooperation on areas such as
energy development, space flight and aviation, nuclear power,
mechanics, high-tech industry, said Hu, adding that some Chinese
enterprises showed interests in areas like household appliance,
automobile assembly, infrastructure and economic zone in
Russia.
"The Chinese government encourages and supports enterprises to
carry out reciprocal cooperation with Russia, and hopes the Russian
side could provide more favorable conditions in terms of improving
investment environment and opening market," Hu said.
Hu also welcomed more Russian enterprises to invest in China,
saying total Russian investment in China exceeded US$600 million by
the end of 2006.
President Hu will pay a state visit to Russia from March 26 to
28.
(Xinhua News Agency March 26, 2007)
