Irkutsk
Ulan-Ude

Blagoveshchensk
Chita
Yakutsk

Birobidzhan
Vladivostok
Khabarovsk

Magadan
Yuzhno-Sakhalinsk

Anadyr
Petropavlovsk-
Kamchatsky
Moscow

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Russia and China plan to establish a bilateral commission for investment cooperation

Russia and China plan to establish a bilateral commission for investment cooperation at the level of vice-premiers. This is stated in a joint statement adopted today in Shanghai following the talks between Russian President Vladimir Putin and Chinese President Xi Jinping.

Russia and China plan to establish a bilateral commission for investment cooperation at the level of vice-premiers. This is stated in a joint statement adopted today in Shanghai following the talks between Russian President Vladimir Putin and Chinese President Xi Jinping.

"The parties expressed support for measures to improve the mechanism of regular meetings of the heads of government of Russia and China, including the creation at the level of vice-prime ministers of the Russian-Chinese Commission for Investment Cooperation and the Russian-Chinese High-Level Group for monitoring the implementation of strategic economic cooperation projects, working groups in the field of energy ", - the document emphasizes.

In addition, the RF and the PRC are going to "take new steps to raise the level and expand the spheres of Russian-Chinese practical cooperation." In particular, the countries intend "to establish close cooperation in the financial sphere, including increasing the volume of direct settlements in the national currencies of Russia and China in trade, investment and lending, and deepening the dialogue on macroeconomic policy."

Russia and China also plan to step up efforts to increase the volume of bilateral trade to $ 100 billion by 2015 and to $ 200 billion by 2020, "consistently implementing the agreements set forth in the intergovernmental Memorandum of Cooperation in the field of economic modernization, to ensure greater balance and improvement of the structure of mutual trade , stimulate a significant increase in mutual investment, including in transport infrastructure facilities, integrated development of mineral deposits, construction of economy-class housing in Russia. "

The Russian Federation and China intend to "strengthen the comprehensive" energy partnership, "to promote further deepening of comprehensive cooperation in the oil field, the early start of Russian natural gas supplies to China, expanding cooperation in the coal sector, including through the development of deposits in Russia and the development of transport infrastructure, actively to study projects for the construction of new power generation facilities in Russia to increase the export of electricity to China. "

In addition, the parties are going to "improve the efficiency of cooperation in high-tech sectors, develop cooperation in the implementation of priority projects in the field of peaceful use of atomic energy, civil aircraft, in cooperation programs in the field of fundamental space research, remote sensing of the Earth, satellite navigation, deep space exploration and manned astronautics ".

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