China, Russia agree to expand investment, energy cooperation

BEIJING: China and Russia have pledged to deepen their investment and energy cooperation, further enhancing bilateral ties. This agreement emerged from a series of high-level meetings held recently.
Chinese Vice Premier Ding Xuexiang visited Russia from Sunday to Tuesday. He attended the 11th meeting of the China-Russia Investment Cooperation Committee, the 21st meeting of the China-Russia Energy Cooperation Committee and the 6th China-Russia Energy Business Forum.
When co-chairing the meetings, Ding, also a member of the Standing Committee of the Political Bureau of the Communist Party of China Central Committee, emphasized the strategic discussions and agreements made by the two heads of state, saying these discussions have drawn a new blueprint for the development of China-Russia relations and cooperation in various fields.
China is willing to work with Russia to earnestly implement the important consensus reached by the two heads of state, continuously upgrade the level of investment and energy cooperation between the two countries, and better realize mutual benefit, win-win results and common development, Ding said.
He noted that under the strategic leadership of their respective heads of state, China-Russia investment and energy cooperation has seen significant progress, yielding tangible benefits for both nations. He called for the formulation of plans to guide bilateral investment, the steady advancement of major projects, and the creation of a favorable investment environment.
He also called for deepening integrated cooperation among upstream, midstream and downstream operations in the energy sector, enhancing cooperation in fields such as energy technology innovation, and strengthening strategic coordination on global energy governance, to jointly promote their high-quality cooperation. –The Daily Mail-CGTN news exchange item