Chinese and Russian enterprises signed 21 agreements and
contracts worth US$4.3 billion after the opening ceremony of
China's national exhibition in Moscow Tuesday.
Russian First Deputy Prime Minister Dmitry Medvedev, Chinese
Vice Premier Wu Yi and Russian Economic Development and Trade
Minister German Gref took part in the signing ceremony.
Among those agreements and contracts, 17 trade deals valued at
about US$3.7 billion were signed. These include exports of Chinese
cars, home appliances and farm products to Russia, as well as
imports of Russian machine tools and silicic steel plates to China.
Four economic cooperation projects worth US$586 million in timber
processing, shipbuilding and mining were also inked.
Double-digit growth has been registered in two-way trade for the
past eight years. Trade volume hit a record US$33.4 billion in
2006, up 15 percent from the previous year, according to Chinese
Commerce Ministry figures.
The two countries have decided to raise the volume of bilateral
trade to US$60-80 billion by 2010, and the investment of China in
Russia to US$12 billion by 2020.
(Xinhua News Agency March 28, 2007)
