Medvedev and Li Keqiang will hold the 20th meeting of heads of governments of Russia and China

Medvedev and Li Keqiang will hold the 20th meeting of heads of governments of Russia and China

BEIJING, December 17. Prime Minister of Russia Dmitry Medvedev on Thursday wraps up official visit to China. The last day of his China tour, Prime Minister will begin with a meeting with representatives of Chinese youth and the ceremony of laying flowers to the Monument to the people’s heroes in Beijing, which was built in Tiananmen square in memory of the fighters who died in the revolutionary struggle of the Chinese people in the nineteenth and twentieth centuries.

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Then Medvedev will have a conversation with the Premier of the state Council Li Keqiang and will spend with him 20 regular meeting of heads of governments of Russia and China, the result of which will be the signing of several documents.

As previously reported by the Deputy Minister of foreign Affairs of China Cheng Guoping, the premiers plan to discuss Russian-Chinese cooperation in political, economic and humanitarian spheres and in the sphere of security. Moreover, the signing of agreements in energy, space, civil aviation, nuclear power, and scientific and humanitarian exchanges.

At the end of the day Medvedev will speak at the closing ceremonies of the Years of friendly youth exchanges of Russia and China and the opening of the cross media between Russia and China.

As noted in an interview with the officer of the government of the Russian Federation, carrying out in 2014-2015 of the interstate exchange year of friendly youth exchanges “has promoted understanding and friendship between the young generations of the two countries”. Reached an agreement on the implementation in 2016-2017 new major project – Years, Russian and Chinese media, he added.

The interaction between Moscow and Beijing

Russian-Chinese relations of partnership and strategic interaction are comprehensive, equitable and trustful character, continually enriched with new meaningful content, in the interests of the peoples of Russia and China, said the source in the government apparatus. In total, the legal base of bilateral relations consists of more than 300 treaties and agreements that cover practically all areas of cooperation.

Structure, organizing and supervising the development of bilateral cooperation in all major areas, is a mechanism of regular meetings of heads of governments of Russia and China, in force since 1996. In the framework of the intergovernmental Commission operate at the level of Vice Prime Ministers (Commission for preparing regular meetings of heads of government, on humanitarian, energy and investment cooperation), and also includes 19 sectoral subcommissions. In accordance with the decision of heads of two States in 2014 under the auspices of the mechanism established a working group of high level (it is headed by Deputy Prime Ministers Dmitry Rogozin and Wang Yang) to monitor the implementation of strategic projects of economic cooperation.

Cooperation in figures

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Since the beginning of the XXI century the volume of Russian-Chinese trade grew by more than 10 times. China retains its status as the largest trade partner of our country (the share in Russia’s foreign trade turnover in 2014 was 11.3%). Russia is the ninth volume of the foreign trade turnover by state (share in foreign trade turnover of China in 2014 and 2.2%).

At the same time, under the influence of unfavorable external market conditions in January – August of 2015, the bilateral trade turnover decreased and amounted to $41.4 bn (decrease by 29.8% to January – August of 2014), while exports to China amounted to $19.1 billion (a decrease of 26.0%), imports from China – $22.4 billion (a decrease of 32.7%).

Priority for Russia, as noted, is a qualitative change in the structure of trade, including due to the increase in the export shares of products with high added value, expansion of geography of trade exchanges, the development of new directions of cooperation.

According to the government of the Russian Federation, at the end of June 2015, the volume of accumulated direct Chinese investment in the Russian economy amounted to $8.7 billion (an increase of 11.9% compared to the same period last year). Funds are mainly engaged in mining, wood processing, construction, manufacturing and agriculture.

Promising directions

Intensively developed cooperation between Moscow and Beijing in the oil sector. In the first half of 2015 the growth of oil supplies to China amounted to 15% compared to the same period of the previous year.

Consistently expanding electricity exports from Russia to China supply volumes for the period from January to October 2015 amounted to 2.8 billion kWh.

There is a positive dynamics of bilateral cooperation in the transport sector, dynamically developing inter-regional cooperation, strengthening bilateral cooperation in the financial and banking sectors, expanding the use of ruble and yuan for mutual trade and investment settlements, as well as interbank lending, and development of ties through the national payment systems. Considerable potential for cooperation in high-tech industries, noted in the administration of the government.

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With Chinese partners agreed on the selection of new priority joint projects, which will be of great significance for the modernization of the economies of the two countries in the areas of nanosystems and new materials, energy and energy, living systems, environmental management and ecology, information and telecommunication technologies.

In 2014-2016 will support nine projects totaling to 305.5 million. Three of them received support in the Russian Federation within the Federal target program “Research and development on priority directions of development of scientific-technological complex of Russia for 2014-2020” for a total of 47.7 million rubles.

The priority theme is the joint creation of new long-haul wide-body civil aircraft and a heavy helicopter.

“Russia and China intensify collaboration in the pair the construction of the Eurasian economic Union and Economic belt “silk road”. Both parties believe in the importance of wide practical fulfillment of this project”, – concluded the source in the government apparatus.