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Zhang Gaoli Holds 3rd Meeting of China-Russia Investment Cooperation Committee with First Deputy Prime Minister Igor Shuvalov of Russia
2016/06/24

On June 24, 2016, Vice Premier and Chairman of China-Russia Investment Cooperation Committee on the Chinese side Zhang Gaoli held in Beijing the 3rd meeting of China-Russia Investment Cooperation Committee with First Deputy Prime Minister Igor Shuvalov of Russia as Chairman of the committee on the Russian side.

Zhang Gaoli expressed that under the strategic guidance of President Xi Jinping and President Vladimir Putin, China-Russia comprehensive strategic partnership of coordination has steadily developed at a high level and cooperation in investment and other areas has been continuously expanding. At the invitation of President Xi Jinping, President Vladimir Putin will pay a state visit to China on June 25. It is believed that the meeting between both heads of state in Beijing will make new planning for the further advancement of China-Russia comprehensive strategic partnership of coordination and bilateral cooperation in various fields under the new situation.

Zhang Gaoli said that as the largest neighboring country of each other and emerging markets, both China and Russia pursue open development strategies and share sound foundation, good wishes as well as broad prospects in expanding investment cooperation. Under joint efforts of both sides, China and Russia have enjoyed an overall sound momentum of investment cooperation in recent years. With continuously expanding investment scale and broadening cooperation areas, an increasing number of enterprises from both countries are willing to invest and develop in each other's country. It is hoped that the two sides can take this meeting as an opportunity to strengthen policy communication and coordination, discuss new measures to expand bilateral investment cooperation, further provide favorable conditions for Chinese and Russian companies to expand investment cooperation, and forge more landmark investment cooperation projects, so as to constantly enrich the connotation of China-Russia comprehensive strategic partnership of coordination.

Igor Shuvalov expressed that attaching great importance to its relationship with China, Russia is ready to actively promote cooperation in investment and other fields. It is hoped that the two sides can continue to well take advantage of the effective platform of Russia-China Investment Cooperation Committee, identify and implement more major investment cooperation projects, so as to enrich the cooperation project list of the docking of Eurasian Economic Union (EEU) construction and the "Belt and Road" construction, and push for the common development and rejuvenation of the two countries.

The primary task of the meeting is to prepare for the upcoming meeting between both heads of state in terms of investment cooperation. The two sides comprehensively reviewed the results achieved from investment cooperation in various fields since the second meeting of China-Russia Investment Cooperation Committee, and determined a new batch of key investment cooperation projects. They agreed to speed up the docking of the "Belt and Road" construction and the EEU construction, give play to the two sides' complementary advantages in areas including resource, market, technology, capital and talent, adhere to more open ideas, create more standard and convenient conditions, and jointly explore third-party market, so as to realize the constant and in-depth advancement of bilateral investment cooperation.

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