Sino-Russian economic and trade 50 billion and then moving energy cooperation and wider

Premier Wen Jiabao will be held on November 22, started his official visit to Russia, during the visit, both sides will have two countries next economic and trade cooperation projects to exchange views on the subjects.

Trade breakthrough 50 billion during the year

Assistant Foreign Minister Cheng Guoping 18 November News Conference, Premier Wen Jiabao's visit to Russia, the parties will, trade, energy, high technology, finance, agriculture, local, and other key areas of cooperation have an in-depth exchange of views, the parties intend to sign the premiers of the fifteenth regular meeting communiqué and a series of bilateral cooperation between the Government and the sector.

As the world's important two major emerging economies, China and Russia in economic and trade cooperation potential in financial crisis have inkling. According to the Department of commerce data show that in January-October, the trade volume between China and Russia have reached 451 billion, an increase of 43.4%, according to this calculation, the annual rate of trade between China and Russia will exceed $ 50 billion.

Russia-China Chamber of Commerce and President of the General Choi guiru prior to acceptance of the international financial newsletterâ told reporters that the current economic and trade cooperation between China and Russia are mainly concentrated in the areas of energy and other heavy industry, Russia in daily necessities demand for Chinese goods, Sino-Russian trade there is huge potential for development.

"Russia is both close to the major powers, with hundreds of kilometres of common border line, add up to 15 million people, but in 2009 only 388 billion in bilateral trade, pitiful. "CAI guiru said.

According to the international financial newsletterâ journalists from the Department of Commerce understands that mutual investment has more than 30 billion, but are mainly concentrated in the energy, nuclear energy, aeronautics, aerospace, technology, transportation, communications, etc. The private investment between China and Russia far open channel.

Embassy of the people's Republic of China in Russia holds the title of economic attaché Ling stress that China and Russia in broadening the field of direct investment, in the past focused on trade, small and medium-sized projects, in cooperation with large projects is increasing.

He said the current Sino-Russian economic and trade cooperation is in turn from the scale of an important period of structural adjustment. Two countries not only to focus on expanding trade size, more attention to investment and economic and technical cooperation, through a number of large projects, high-quality small and medium-sized projects led, the Sino-Russian economic and trade cooperation structures, the development of further optimization.

Energy cooperation and wider

Energy cooperation has been accounted for half of the economic and trade cooperation between China and Russia. The National Energy Board, Deputy Director, international cooperation Division, Gu Jun 18 November at a news conference held by the current Sino-Russian cooperation in the energy field has been involved in oil and gas, electric power, coal, nuclear energy, energy efficiency and renewable energy, and many other fields. In addition, also in cooperation method has been removed from the traditional trade, expanding trade, resource exploration and development, pipeline construction, construction contracts, joint cooperation mode.

According to reports, deepening and promote bilateral energy cooperation will be pragmatic and Premier Wen Jiabao met with Russia today one of the important topics. China and Russia will strive to quickly start construction works-Russian natural gas pipeline, promote coal mine, railway, port integration project, further deepening in electricity trade and power grids, and other areas of cooperation, the full implementation of the cooperation in the field of nuclear energy.

Russia Academy of far East Institute first Deputy Director LU Guning recommends that the current Russian economy energy cooperation remains a priority, in addition, the parties should cooperate in the field of high technology. He said, because Europe on Russia's energy needs are increasingly falling, Asian demand growth, Russia launched the so-called Asian big energy policy, want China to become Russia energy into Asia's "window". (Source: people's network-international financial news)