The Chinese leader has paid an official visit to Russia from June 30 to July 3, 2005.
The presidents discussed the development results of Russian-Chinese relations since the Beijing summit in October 2004 and the condition and prospects of bilateral strategic partnership, the statement reads.
The sides outlined development trends of the bilateral relations and main parameters of the Russian-Chinese international cooperation.
Putin and Hu said that bilateral strategic partnership had entered a new development level and were a priority of Russian and Chinese foreign policy.
In 2004, the bilateral trade reached a new record of $21.23 billion. High rates of the trade growth (over 20%) have been preserved in 2005. "The sides will continue efforts to increase the bilateral trade to $60-80 billion by 2010," the presidents said.
Bilateral agreements in the oil and natural gas and electric power spheres marked a new stage in the bilateral energy cooperation, they added.
The sides reaffirmed support for counter-terrorism and condemned linking terrorism with certain countries, nations and religions, as well as double standards in the fight against this evil.
Russia and China spoke in favor of working out an overall anti-terrorist strategy under the coordinating role of the UN and UN Security Council in compliance with the UN Charter and international law.
The sides support UN reform which is set to promote multilateral approaches, raise the UN authority, effectiveness and ability to counter new threats and challenges.
Russia and China also support the nuclear-free status of the Korean peninsula, dialog, peaceful settlement and stability in two Koreas and the region as a whole.