Topic: Russia-China summit
Russian, Chinese businesspeople sign 40 contracts worth $3 bln© www.reportersconnection.com
Russian, Chinese businesspeople sign 40 contracts worth $3 bln© POOL
- China to grant $10 bln loan to SCO states to overcome crisis
- President Medvedev's interview with China Central Television
- Russia, China could open rail link via N. Korea this year
- Russia, China sign oil deal, start new pipeline branch
MOSCOW, June 16 (RIA Novosti) - Russian and Chinese business representatives signed about 40 contracts worth $3 billion at a business forum in Moscow on Tuesday.
The documents were signed at the Russia-China Trade and Economic Forum in Moscow, which brought together about 600 businesspeople from both countries. The forum was organized by the Russian Economics Ministry and China's Commerce Ministry.
Andrei Slepnev, a Russian deputy economic development minister, told the forum that the volume of bilateral trade, economic and investment interaction had dropped amid the ongoing global crisis, but that Russia and China had good prospects for cooperation in oil and gas, nuclear power engineering, and outer space exploration.
"However, the main emphasis should be made on the investment model of interaction, with a focus on cooperation in engineering and innovation products," he said.
The forum also announced that the Russian-Chinese fund of assistance to trade in engineering products would start its work within the next six months. China has already allocated $14.6 million for these purposes, while Russia will clarify its contribution in the near future.
Add to blog
You may place this material on your blog by copying the link.
Image Galleries: Yury Gagarin: A down-to-earth person
Infographics: Sochi Paralympics Medal Count
Russia is bankrolling a number of nuclear-cleansing projects in post-Soviet republics. Some cases in point are the Semipalatinsk nuclear test site in Kazakhstan and a number of uranium mines in other Central Asian countries. This change is explained by Russia’s new economic capabilities and its success in dealing with major nuclear challenges at home.