10:23 GMT +3 hours02 July 2016
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Russia, China to Set Up Bilateral Committee on Investment Cooperation

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Russia and China plan to set up a bilateral committee on investment cooperation at the level of deputy prime ministers and the high-level group for control over strategic projects, a joint statement of Russian and Chinese leaders says after talks in Shanghai Tuesday.

SHANGHAI, May 20 (RIA Novosti) – Russia and China plan to set up a bilateral committee on investment cooperation at the level of deputy prime ministers and the high-level group for control over strategic projects, a joint statement of Russian and Chinese leaders says after talks in Shanghai Tuesday.

“The sides have voiced support for measures on improving the mechanism of regular meetings of the Russian and Chinese heads of government, including establishing a Russian-Chinese committee on investment cooperation at the level of deputy prime ministers and the Russian-Chinese high-level group for control over the implementation of strategic projects and relevant working groups in energy sphere,” the document says.

Russian President Vladimir Putin is currently on a two-day visit to China to cement economic ties with the country, including the possible signing of long-term energy deal.

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