Russian And China Deepen Strategic Cooperation

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Russian And China Deepen Strategic Cooperation

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On June 5th, Chinese President Xi Jinping and a delegation met with Russian President Vladimir Putin, accompanied by other Russian officials in the Kremlin, Moscow.

Following the meeting, the Chinese and Russian Presidents signed a Joint Statement on Developing Comprehensive Partnership and Strategic Interaction Entering a New Era and a Joint Statement on Strengthening Global Strategic Stability in the Modern Age.

An agreement between the Government of the Russian Federation and the Government of the People’s Republic of China on settlements and payments was also signed.

“The signed documents, in particular, concern creating a Russian-Chinese joint research and technology innovation fund, boosting bilateral trade, improving flight safety, promoting cooperation in protecting giant pandas, implementing the second phase of building a Haval automobile plant in the Tula Region, broadcasting the CGTN, CGRN-Russian and CCTV-4 channels in Russia, and establishing partnership in the field of e-commerce in Russia and the CIS.”

In addition, a regulation on the Russian-Chinese Energy Business Forum and a general contract for building units 3 and 4 of the Xudabao NPP were also concluded.

The two leaders attended a presentation of a successful investment project that is already operational: an automobile plant in the Tula region, it showed off a Chinese Haval off-road vehicle assembled in Russia.

At the beginning of the meetings, both leaders expressed pleasantries, praising that 2019 marks 70 years of Russian-Chinese relations.

“As for bilateral relations, your visit, as you know, is timed to a major date – the 70th anniversary of the establishment of diplomatic relations between our countries. The Soviet Union recognised the People’s Republic of China immediately, the day after it was created and proclaimed.

You and I set a goal to reach $100 billion in trade last year. Thanks to the efforts of our teams, the governments of both countries, we have exceeded this mark, with mutual trade reaching $108 billion. And it has continued to grow in the first quarter of this year, already exceeding 3.4 percent. All this is the result of our joint work and the result of our teams’ performance, and – I would like to emphasize it once again – to a large extent, it is due to your personal contribution,” Vladimir Putin said.

On his part, Xi Jinping also expressed his pleasure of “meeting his old friend.”

“Against the backdrop of drastic changes that the world has not seen for the past 100 years, the peoples of both countries and the international community are putting high hopes on us.

There are no limits to advancing our relations; we only need to become better and better. We are ready to constantly improve the positive effect of our high-level relations together with you, side by side, to instil in our citizens an even more profound feeling of unity among our peoples and to put forward even more of our joint initiatives,” the Chinese President said.

At the end of the restricted format talks, Putin and Xi discussed in detail major international issues and confirmed that the positions of Russia and China on key global issues are close or identical.

Following the meetings, the statements from both leaders included the following announcements:

  • Cooperation on the production and sale of LNG is being increased. The third stage of the Yamal LNG plant opened in November, one year ahead of schedule. A sizeable share in this plant – almost 30 percent (29.9 percent) belongs to China. We welcome cooperation on another large project – Arctic LNG 2;
  • The possibility of creating a Russian-Chinese agricultural holding company in the Primorye Territory with an investment of 10 billion rubles is being discussed;
  • The two sides agreed on establishing two more interregional cooperation mechanisms between Russia’s Central Federal District and North China, as well as between our Northwestern Federal District and the maritime provinces of Southeast China;
  • Both leaders signed a joint statement on strengthening global strategic stability that emphasizes the principled stand of Russia and China that any attempts to destroy the existing system of agreements on arms control, disarmament and non-proliferation are unacceptable;
  • Both countries share identical assessments of the situation on the Korean Peninsula and are carrying out a joint roadmap to solve the situation;
  • The countries reaffirmed their intention to continue building up bilateral cooperation within the framework of the UN, the SCO, BRICS, the G20, APEC and other leading multilateral venues;
  • Russia would continue efforts to link the EAEU integration processes with the Chinese Silk Road Economic Belt Initiative;

The two sides, according to Xi, should actively push forward their cooperation to dock the Belt and Road Initiative (BRI) and the Eurasian Economic Union so as to promote regional economic integration.

Significantly, at the sidelines of the high-level meeting, the Chinese tech giant Huawei signed a deal with Russian telecom company MTS to develop a 5G network in Russia in 2020.

“Today, with the signing of the 5G development agreement, our partnership is reaching a new level – we not only give impetus to the strategic cooperation of the two high-tech companies, <…> but also contribute to the further development of trade and economic relations between Russia and China,” MTS President Alexey Kornya noted.

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