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BIZCHINA / Trade |
China-Russia trade to hit 60 to 80 billion US dollars by 2010By ()
Updated: 2007-03-26 11:18 Chinese President Hu Jintao said ahead of his upcoming visit to Russia that China-Russia trade would reach 60 billion to 80 billion US dollars by 2010. "I believe the trade volume of the two countries would surely meet the target of 60 billion to 80 billion US dollars by 2010 with deepening bilateral strategic partnership of cooperation," Hu told Russian journalist on Tuesday. Hu highlighted China-Russia trade cooperation, saying bilateral trade had maintained rapid increase in eight consecutive years and reached 33.4 billion dollars in 2006. China and Russia had enjoyed sound cooperation in areas such as energy development, spaceflight and aviation, nuclear power, mechanics, high-tech industry, said Hu, adding that some Chinese enterprises showed interests in areas like household appliances, automobile assembly, infrastructure and economic zone in Russia. "The Chinese government encourages and supports enterprises to carry out reciprocal cooperation with Russia, and hopes the Russian side could provide more favorable conditions in terms of improving investment environment and opening market," Hu said. Hu also welcomed more Russian enterprises to invest in China, saying total Russian investment in China exceeded 600 million US dollars by the end of 2006. President Hu will pay a state visit to Russia from March 26 to 28. (For more biz stories, please visit Industry Updates)
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