Pres­i­dent to bol­ster Sino-Rus­sian ties

Greater re­gional in­te­gra­tion of economies to help both coun­tries

China Daily (Hong Kong) - - XI'S VISIT - By REN QI in Rus­sia renqi@chi­

Pres­i­dent Xi Jin­ping’s state visit to Rus­sia will in­ject new en­ergy into Sino-Rus­sian re­la­tions and pro­vide new op­por­tu­ni­ties for greater re­gional eco­nomic in­te­gra­tion, said Li Hui, the Chi­nese am­bas­sador to Rus­sia.

Xi ar­rived in Moscow on Mon­day to start the two-day visit.

The visit means a lot for both Sino-Rus­sian re­la­tions and the in­ter­na­tional com­mu­nity, given that the cur­rent in­ter­na­tional sit­u­a­tion is com­pli­cated, the global econ­omy is re­cov­er­ing slowly, and tre- men­dous ad­just­ments are tak­ing place in the re­la­tions among pow­ers, Li said, in an exclusive in­ter­view with China Daily.

“Xi will meet his Rus­sian coun­ter­part, Vladimir Putin, for the third time this year after the Belt and Road Fo­rum for In­ter­na­tional Co­op­er­a­tion in May and Shang­hai Co­op­er­a­tion Or­ga­ni­za­tion sum­mit in As­tana last month,” Li said.

The two lead­ers will ex­change opin­ions over mu­tual con­cerns to fur­ther en­hance the China-Rus­sian Com­pre­hen­sive Strate­gic Part­ner­ship of Co­or­di­na­tion and deepen prac­ti­cal co­op­er­a­tion be­tween the two coun­tries.

The meet­ing of the two pres­i­dents will also help to strengthen the co­or­di­na­tion be­tween Belt and Road Ini­tia­tive and Eurasian Eco­nomic Union, Li said.

“Rus­sia is one of the found­ing coun­tries of the EEU, and it’s China’s good neigh­bor, good part­ner and good friend. China and Rus­sia have achieved great progress in co­op­er­a­tion in the fields of eco­nom­ics, en­ergy, in­fra­struc­ture con­struc­tion, fi­nance, aero­space and cul­ture since the re­lease of a joint state­ment about co­or­di­na­tion be­tween the Belt and Road Ini­tia­tive and the EEU by the lead­ers two years ago,” Li said.

Li said China has been Rus­sia’s largest trad­ing part­ner for six con­sec­u­tive years and one of the main coun­tries for its ex­ports of en­ergy and high­tech prod­ucts as well.

In the first five months of this year, their trade vol­ume reached 223.1 bil­lion yuan ($32.8 bil­lion), in­creas­ing by 33.7 per­cent com­pared with last year, the am­bas­sador said.

He said the two coun­tries have great eco­nomic com­ple­men­tar­ity, which may stim­u­late ad­di­tional op­por­tu­ni­ties as they co­op­er­ate in new ways.

“First of all, we have estab­lished new trad­ing plat­forms, in­clud­ing those for in­ter­net com­merce, and there is more trad­ing of agri­cul­tural prod­ucts and oil and gas equip­ment than ever.

“Sec­ond, the two coun­tries have ini­ti­ated closer fi­nan­cial links, as Rus­sian cur­rency author­ity Bank of Rus­sia has opened its first over­seas branch in Bei­jing, and a ren­minbi clear­ing cen­ter opened in Moscow.

“Some ma­jor co­op­er­a­tion projects have started with the sup­port of the China Development Bank, the Ex­port-Im­port Bank of China and many Rus­sian fi­nan­cial in­sti­tu­tions,” he added

Li said de­vel­op­ing and strength­en­ing Sino-Rus­sian re­la­tions is a good strate­gic choice for both coun­tries, and serves the in­ter­ests of both.

“Both China and Rus­sia are founder coun­tries of the SCO and BRICS, and play sig­nif­i­cant roles in the two in­ter­na­tional co­op­er­a­tion mech­a­nisms,” Li said.

BRICS is the eco­nomic bloc made up of Brazil, Rus­sia, In­dia, China and South Africa.

Li said China and Rus­sia are con­fi­dent they will be able to ful­fill their re­spon­si­bil­ity to unite all mem­ber coun­tries of the SCO and BRICS in or­der to form closer, more com­pre­hen­sive and more sta­ble part­ner­ships.

Rus­sia is ... China’s good neigh­bor, good part­ner and good friend.”

Li Hui, the Chi­nese am­bas­sador to Rus­sia

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