China to Boost Cooperation With Russia in Finance, Space, Aviation

© Sputnik / Sergey Guneev / Go to the mediabankVladimir Putin pays official visit to People's Republic of China. File Photo.
Vladimir Putin pays official visit to People's Republic of China. File Photo. - Sputnik International
Chinese Vice Foreign Minister Cheng Guoping said that China aims to build up its strategic partnership with Russia in sectors such as finance, space and aircraft building.

Although China's Xinjiang region is currently facing a slowdown in foreign trade, the region's statistics indicated that its trade with the Russian Federation has grown tremendously over the last year. - Sputnik International
China's Xinjiang Trade With Russia Rises Tremendously Over 2014
BEIJING (Sputnik) China aims to build up its strategic partnership with Russia in sectors such as finance, space and aircraft building, as well as raise trade cooperation to a new level, Chinese Vice Foreign Minister Cheng Guoping said Tuesday in a press conference.

"It is essential to raise cooperation in practical sphere to a new level. Both sides will also be expanding and raising to a new level mutual trade, increasing partnership in the sphere of innovation," Cheng said during a press conference in the Beijing branch of Rossiya Segodnya.

According to the vice foreign minister, it is most important to cooperate more in spheres of constructing aircraft, space, nuclear energy, building of high-speed rail and implementation of advances in science and technology.

Khmelnitskiy Nuclear Power Plant - Sputnik International
Russia, China to Enhance Cooperation in Nuclear Energy Sector

"We believe that our potential and capacity are far from exhausted," Cheng said, adding that Russia will cooperate with Russia in the finance sphere more actively.

Moscow and Beijing cooperate in a number of fields already. Last month, it was announced that China and Russia could invest $13 billion into a long-haul aircraft project. Russia's First Deputy Prime Minister Igor Shuvalov said in January that payments in national currencies were on the negotiations agenda with China. In February, Russia and China signed a cooperation agreement in the field of satellite navigation.

To participate in the discussion
log in or register
Заголовок открываемого материала