"Russia and China need to diversify the structure of bilateral trade," Zhukov said at a meeting with Chinese entrepreneurs.
Zhukov said that despite a considerable growth in trade turnover, Russian exports to China were represented mainly by raw materials, including timber, metals, ores, fertilizers and cellulose, which all together accounted for some 90% of Russian exports this year.
"To further increase the volume of our economic-trade ties, we need to develop such forms of cooperation as production cooperation, mutual investment [and] joint mastering of advanced technologies," the deputy prime minister said.
Zhukov's Chinese counterpart Wu Yi said trade turnover so far this year had almost reached $21 billion - the figure for all of 2004.
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For Russia, Crimea is more than just a territory. It is not for land that Russia is putting all her prestige at stake. This situation is about wounded national pride, history, identity, national phobias, a new Russian nationalism, past relations with the “West” full of real and perceived injuries, and Western hypocrisy.