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Cooperation between Russia and China has colossal potential, Putin said

September 09, 2012, 10:52 UTC+3

Among top priority cooperation areas in Russia’s Far East he listed a ship-building cluster

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VLADIVOSTOK, September 9 (Itar-Tass) — Russian President Vladimir Putin believes that cooperation with China, including in the areas of high technologies, has “colossal potential.”

“Jointly with foreign partners, including from China, we are working to create new technologies of tomorrow,” Putin said at a news conference on Sunday after the APEC summit in Russia’s Far Eastern city of Vladivostok. Among top priority cooperation areas in Russia’s Far East he listed a ship-building cluster. “One enterprise is being set up with Chinese capital, another one – with Korean capital,” he specified.

“There are good prospects in the aircraft-building sector,” he went on, citing as an example joint projects with China on the development of a new generation of helicopters on the basis of Russian-made rotocraft and wide-body jets. He recalled that the world’s biggest helicopters capable of lifting up to 20 tons of cargoes had been used in the rescue operation after an earthquake in China. He said he was absolutely sure that though joint efforts “we shall be able to cope with our task” and break into the global market of wide-body jets monopolized by the European Aeronautic Defence and Space Company (EADS) and the United States’ Boeing.

The Russian president also raised problems of the energy sector. “We hope for further cooperation in the nuclear energy sector not only as far as the generation is concerned but also in the research sphere,” he said adding that there are “colossal possibilities” as far as the hydrocarbon energy sector is concerned.

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