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Chinese and Russian presidents to discuss major bilateral projects at G20 summit

September 05, 2013, 9:11 UTC+3

The leaders will also discuss the possible US military strike on Syria

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Photo ITAR-TASS/Alexei Nikolsky

Photo ITAR-TASS/Alexei Nikolsky

ST. PETERSBURG, September 5 (Itar-Tass) - Chinese President Xi Jinping and Russian President Vladimir Putin will discuss “major bilateral projects” at the G20 summit, which will open here on Thursday, The China Daily reported on Thursday with reference to an interview of Chinese Ambassador in Russia Li Hui ahead of the G20 summit.

Major bilateral projects, which the leaders of the two countries will discuss, “can promote the fulfillment of goals to broaden the bilateral trade up to $100 billion by 2015 and up to $200 billion by 2020,” the Chinese ambassador said. “The presidents are expected to launch new, even more large-scale projects,” Li Hui said without going into details. “China is prepared to raise investments in Russia, particularly in major projects,” the Chinese ambassador noted. “The two countries have a large potential in the development of economic cooperation, which is based on close political partnership,” he said.

The heads of two countries will also discuss further development of strategic cooperation at international and regional levels. “In particular, they will discuss a possible US military strike on Syria,” the ambassador noted. “Over the last six months this is already the second meeting between the presidents that points to strategic importance of Chinese-Russian relations,” Li Hui noted.

During Xi Jinping’s first visit in Russia in the capacity of the Chinese leader last March the countries “reached mutual understanding on several issues.” “Now it is high time to generalize the progress reached at the previous meeting at the top level,” the ambassador said. He noted that China and Russia consider each other as the most important strategic partners.

Chinese investments in Russia reached $2.23 billion in the first quarter of 2013, The China Daily reported. For comparison, according to the reports for the whole previous year, Chinese investments in Russia totaled $740 million.

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