China, Russia Pledge Wide-Ranging Cooperation
   2014-05-21 11:08:43      Web Editor: Zhangpeng


China and Russia have issued a joint statement, vowing to beef up bilateral cooperation in a wide range of fields.

The statement comes after a meeting between Chinese President Xi Jinping and his Russia counterpart.


Vladimir Putin is in Shanghai to participate in the summit, during his state visit to China.


The two leaders have also overseen the start of a joint military exercise in the East China Sea.


CRI's Ding Lulu has more.

In meeting with his Russian counterpart, Chinese President Xi Jinping says it is a "historical responsibility for both sides to safeguard, develop and consolidate China-Russia relations."


"Further facilitating the all-round strategic partnership based on common interests is a requirement for promoting international fairness and justice, maintaining world peace, and realizing prosperity in both countries. It is also an 'inevitable choice' for the development of a multi-polar world."


For his part, the Russian President says the two leaders are also agreeing to optimize trade structures and expand mutual investment in fields like transportation infrastructure, mining development, and housing projects in Russia.


"We have discussed the expansion of bilateral trade and how to minimize outside impact to the economies of both countries. We are also pushing cooperation in hi-tech industries, including the civil aviation and the auto industry. We are also keen to deepen cooperation in the fields of finance."


According to the statement issued after the meeting, China and Russia have pledged to increase bilateral trade from 90 billion US dollars in 2013 to 100 billion by 2015 and 200 billion by 2020.

Although a much anticipated gas deal has not been finalized, the two countries have vowed to deepen cooperation in the petroleum industry, kick-start Russia's supply of natural gas to China as soon as possible and jointly develop coal mines in Russia.


The two leaders have also attended the launch of a joint naval exercise in East China Sea.

President Xi Jinping says the drills will display the new level of strategic mutual trust and coordination between the two countries.


"The exercise is important to bilateral military cooperation, showcasing the two sides' resolve in responding to threats and challenges as well as safeguarding regional security and stability. It also displays the new level of strategic mutual trust and coordination between the two countries."


As 2015 marks the 70th anniversary of World War II and China's victory against Japan, Putin urges the two militaries to step up cooperation and maintain the post-war order.


"What you should do is to take the training seriously with the aims of safeguarding the interests of both countries. The Chinese and Russian militaries have enjoyed a deep friendship since our joint anti-fascist effort in World War II, and that will always be an example for both countries."


The China-Russia joint naval exercise is the third of its kind.


A total of 14 ships, two submarines, nine fixed-wing aircraft, helicopters and special forces are taking part in the week-long "Joint Sea-2014" exercise.


For CRI, this is Ding Lulu.


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