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Prime minister hopes Russian-Chinese trade will soon hit $100 billion

November 01, 8:00 UTC+3 BEIJING

The Russian premier noted that decisions, made during the 19th congress of the Communist Party of China, will contribute to developing partnership and advanced cooperation with Russia

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© AP Photo/Mark Schiefelbein

BEIJING, November 1. /TASS/. Russian Prime Minister Dmitry Medvedev on Wednesday expressed hope that the Russian-Chinese trade turnover will soon reach $100 billion.

"Let’s hope that the trade turnover will keep growing in line with the expectations that took shape some time ago, and will reach the projected figures. Let me remind you that this figure stands at $100 billion, which, in my opinion, is also not the final limit," he said.

"Despite the difficulties experienced by the global economy, our cooperation has restored," the Russian premier said. "Eventually, trade turnover did not contract, on the contrary, it grew by more than one third in the past eight months. We are pleased with this."

The Russian premier noted that decisions, made during the 19th congress of the Communist Party of China, will contribute to developing partnership and advanced cooperation with Russia, as well as to efforts made within the framework of multilateral formats.

China's investment plans 

The Chinese government is ready to contribute to the development of the Russian Far East and boost investment in the region, Premier Li Keqiang said at a news conference on Wednesday following 22nd regular meeting between the Russian and Chinese heads of government.

“The Far East has a wide space and potential for the future development of Russia. If we succeed in stepping up cooperation in Russia’s Far East, that will certainly expand the potential of our interaction,” he said.

The Chinese premier stressed that the issue was discussed during the talks. “This time we reached new agreements on cooperation in the Far East. We are going to boost China’s investment in the development of the Far East. We are ready to import more Russian energy products from there,” he said. 

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