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BIZCHINA> Top Biz News
China, Russia steadily deepen cooperation
(Xinhua)
Updated: 2009-06-15 13:17

Chinese President Hu Jintao is scheduled to pay a state visit to Russia on June 16-18.

The Sino-Russian strategic partnership has been steadily improving in recent years, as the two countries continue to achieve breakthroughs in political, economic and cultural cooperation.

Russian media said that China and Russia have set up an exemplar of international ties after 60 years since the establishment of diplomatic relations.

As friendly neighbors sharing common borders, China and Russia have unswervingly given emphasis to enhancing political trust and coordination while developing bilateral ties.

After the establishment of the Sino-Russian strategic partnership of cooperation in 1996, the two countries set up the mechanism for regular high-level visits, under which leaders from both countries can effectively communicate and understand each other through frequent meetings and talks.

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Based on the consensus of a fair international order and the development of global situations, China and Russia hold the same or similar stances on a series of major world issues such as the situations on the Korean Peninsula and in the Middle East and Iran.

The two countries also have conducted effective collaboration under multilateral mechanisms such as the United Nations.

Both sides believe pragmatic measures must be taken in fighting terrorism. With close cooperation within the framework of the Shanghai Cooperation Organization, China and Russia have realized great achievements in joint combat against the "three forces" of terrorism, separatism and extremism, as well as drug trafficking.

In safeguarding regional security and stability, the two countries have expanded the scale of joint anti-terror drills and have conducted several joint anti-drug operations.

With a shared boundary of more than 4,300 km that was determined in a survey concluded in July 2008, the Sino-Russian border issue has come to an end. The conclusion not only laid foundation for the advancement of bilateral cooperation, it also provided precious experience for other countries seeking peaceful solutions to territorial disputes.

The economic and trade cooperation between China and Russia has seen rapid growth in recent years. The annual bilateral trade volume has increased from several billion dollars in the 1990s to about $10 billion at the beginning of the 21st century. It stood at $56.83 billion in 2008.

The bilateral trade structure has been upgraded along with the expansion of trade. In particular, The China-Russia Chamber of Commerce of Machinery and Electronic Products founded in 2007 has set up a platform for a higher level of bilateral trade development.

Increasingly close economic links have become a "stabilizer" for Sino-Russian relations guaranteeing the healthy and stable advancement of bilateral ties, said Sergei Sanakoyev, head of the Russian-Chinese Center of Trade and Economic Cooperation.

One of the key fields of Sino-Russian economic cooperation, the energy sector, has also recently seen major breakthroughs.

Under a loan-for-oil deal signed in February, China would offer Russian firms a long-term loan of $25 billion, while Russia would supply a total of 300 million tons of crude to China from 2011 to 2030.

In addition, negotiations and cooperation on natural gas, nuclear energy and electric power have also been actively underway between the two sides.

Regional economic cooperation between Chinese provinces and Russian regions bears huge potential. Hundreds of cooperation agreements have been signed by local governments of both countries.

Russian President Dmitry Medvedev said in May that Russia should coordinate the development of its Far East region with Chinese efforts to rejuvenate its old northeastern industrial bases.

Cultural cooperation is an indispensable component within the framework of the Sino-Russian strategic partnership. Upon proposals by the two countries' leaders, China and Russia have staged reciprocal national theme year activities, with "Year of Russia" in China in 2006 and "Year of China" in Russia in 2007.

Medvedev, who at the time was first deputy prime minister in charge of the "Year of China," once told Xinhua that the two countries can deepen their mutual understanding and enjoy closer friendship through such events.

To further consolidate their cooperation, the two countries decided to hold the "Year of Russian Language" in China in 2009 and the "Year of Chinese Language" in Russia in 2010.

Alexander Zhukov, Russia's deputy prime minister, said in Beijing in March when attending the opening ceremony for the "Year of Russian Language" that the event would promote mutual understanding and trust between the two peoples and advance bilateral cooperation.

After the devastating earthquake that claimed tens of thousands of lives in China's southwest Sichuan Province in May 2008, Russia immediately offered China aid, rescue workers and medical teams. A total of 1,571 Chinese children from the quake-hit regions were invited to Russian resorts for rehabilitation.

Liu Jianchao, spokesman for China's Foreign Ministry, said Russia's move embodied the profound friendship of its people toward the Chinese people, and demonstrated a special Sino-Russian partnership of cooperation.

Sergei Razov, the Russian ambassador to China, said recently that the friendly cooperation between China and Russia has brought concrete benefits to the two peoples.

He said the bilateral ties have huge potential and he believed that Hu's upcoming visit to Russia will inject new energy into the development of Sino-Russian relations.


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