BEIJING, October 14. /TASS/. By signing new documents on bilateral cooperation in various spheres, China and Russia have consolidated partnership that benefits not only the two peoples, but also global peace and prosperity, the Xinhua news agency reported.
At the meeting in Moscow on Monday, Russian Prime Minister Dmitry Medvedev and his Chinese counterpart Li Keqiang signed a package of around 40 documents ranging from finance and investment to energy and high-speed railways.
The agency says, citing the Chinese premier after talks in Moscow, that the China-Russia partnership has entered a new development phase and boasts bright prospects.
The win-win cooperation between China and Russia, respectively the most populous and the world’s largest country, is strategic, stable and long-term in nature, Li told his Russian counterpart, the report says.
In particular, Russia and China have reached an agreement to launch swap deals in the ruble-yuan currency pair. The deal, which has been signed for three years and can be further extended, contributes to boosting bilateral trade and direct investment.
China also seeks to enhance cooperation with Russia on a whole range of investment projects in the key areas such as mining, chemical industry, agriculture and infrastructure construction, the report says.
Another important project is the establishment of a Eurasian high-speed transport corridor linking Beijing and Moscow, the news agency says, adding that the priority should be the high-speed railway between Moscow and Kazan.
The Chinese premier said Beijing is expected to deepen cooperation with Moscow in the energy sector, including in nuclear power, according to the news agency.