Visiting Chinese Vice Premier Wu Yi and her Russian counterpart
Alexander Zhukov attended a follow-up session on the achievements
of the second China-Russia Business Summit in Moscow Wednesday.
Wu said China is willing to make concerted efforts with Russia
to further promote the development of China-Russia economic and
trade cooperation in five aspects.
Firstly, to take advantage of the China-Russia chamber of
commerce of machinery and electronic products, speed up the
optimizing of the trade structure and gradually adjust trade
development mode, she said.
Secondly, to deepen bilateral cooperation in border regions,
further encourage the enthusiasm of local governments and enhance
coordination between revitalizing China's former industrial bases
in the northeast and developing Russia's Far East region, she
added.
To expedite consultation and the signing of inter-governmental
economic and trade cooperation deals in border regions, in order to
establish a legal basis for facilitating trade investment in
adjacent areas and establishing new types of cooperation modes,
such as cross-border processing and logistic support parks, she
said.
The second aspect also includes the strengthening of cooperation
in preserving and utilizing cross-border water resources and
regulating business activities along the border river.
Thirdly, to push the overall level of China-Russia forestry
cooperation to a new high by expanding cooperation in lumber
intensive processing.
The fourth aspect includes further strengthening cooperation in
infrastructure construction by means of investing and
contracting.
Finally, to create a more favorable investment environment,
expand investment cooperation and substantially improve cooperation
level, she said.
Hailing the business summit as a success, Russian Deputy Prime
Minister Zhukov said over 2,000 representatives from the industrial
and commercial sectors of the two countries participated in the
meeting, promoting the information exchange and mutual
understanding between the two countries.
During the just-concluded 12th regular prime ministers' talks
between China and Russia as well as the business summit, the two
sides signed a series of economic and trade cooperation deals,
whose overall value has surpassed US$3 billion, Zhukov said.
Another achievement of the meeting was the formal establishment
of the Russia-China chamber of commerce of machinery and electronic
products, an organization which will play a significant role in
optimizing the two countries' trade structures and promoting the
trade of electromechanical products, the deputy prime minister
said.
Zhukov expressed his hope that the industrial and commercial
sectors of the two countries will join hands in pushing the
bilateral economic and trade cooperation to a higher level.
(Xinhua News Agency November 8, 2007)
