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Both China and Russia are aware that mutual cooperation will allow both sides to realize their development goals. They are seeking to heat up relatively “cool” economic cooperation and create a bilateral comprehensive strategic cooperative partnership.
Perfect timing
Chinese Premier Li Keqiang and his Russian counterpart Dmitry Medvedev co-chaired the 18th annual meeting between the Chinese and Russian heads of government in Beijing on October 22. This is the first meeting between them since China’s new government took office in March. The annual meeting has been an important platform for mapping out cooperation between the two countries since December 1996.
The timing could not be better. The two neighbors are both at a crucial phase in their development. Russia has been implementing an ambitious development strategy in their Far East and East Siberia areas， aiming to reach or approach developed countries’ level of percapita gross domestic product by 2020. China， meanwhile， is in a fresh stage of reform wherein it will actively change its development pattern. It is engaged in expanding domestic demands， while pushing forward West Development Strategy in its vast western region.
Chen Yurong， a researcher on EuropeanCentral Asian studies with the China Institute of International Studies， said the China-Russia relationship has entered a new phase during which pragmatic cooperation is carried out comprehensively.
“Upholding the principle of mutual trust and mutual benefit， the two sides are boosting cooperation in energy， transport， infrastructure and technology， with such cooperation creating momentum，” Chen said.
During their meeting， Li and Medvedev released a joint communiqué and agreed on over 20 cooperative documents. “China and Russia are good neighbors and strategic partners， both in name and in essence，” said President Xi Jinping as he met with the visiting Russian prime minister on October 22. In his first foreign trip since taking office， the Chinese president visited Russia in March. Xi and President Vladimir Putin drew a blueprint for the development of bilateral comprehensive strategic partnership of coordination. Xi and Putin made it clear that a major task for the two sides is to turn high-level political relations into fruitful results.
The task for the upcoming Li-Medvedev meeting is to carry out consensus reached during the Xi-Putin meeting， said Li Dong， Deputy Director of the Institute of Russian Studies， China Institutes of Contemporary International Relations （CICIR）. According to the joint communiqué， the two sides will expand use of local currencies， facilitate trade and investment， and promote cooperation on aeronautics， astronautics， nuclear energy， hi-tech， agriculture and infrastructure construction. Moreover， agreements signed during Medvedev’s visit included discussing detailed measures to realize goals in trade， expanding energy cooperation， deepening cultural exchanges， and facilitating personnel exchanges. China and Russia have been coordinating on global issues from a position of mutual trust. “Sharing same or similar stances on major issues concerning the interests of the international community， China and Russia will continue strengthening coordination on foreign policies，” said the communiqué. It stated that the two countries hold that international issues， including the Syrian crisis， the nuclear issue on the Korean Peninsula and the Iranian nuclear issue， should be resolved through peaceful means and political dialogue. In the joint communiqué， China and Russia also claimed the outcomes established by the UN Charter and international law should not be challenged， urg- ing “the countries concerned” to be committed to an atmosphere of mutual trust， friendship and cooperation.
Sharing opportunities
Observers believe that boosting bilateral trade and investment is expected to change the current status of China-Russia cooperation， which is described as “hot politics， cool economy.”
During Xi’s visit in March， the two countries agreed to boost their annual trade volume to$100 billion by 2015 and $200 billion by 2020. The Chinese premier expressed confidence that the two countries will fulfill the first trade target in 2015. His Russian counterpart Medvedev echoed later that day during an online chat with Chinese netizens that the $100 billion goal is not the maximum. “We can even reach $150 billion， $200 billion or more，” he said. According to the latest statistics， bilateral trade reached$66.1 billion in the past nine months. China has been Russia’s biggest trade partner since 2011.
Li Dong from the CICIR pointed out that trade is a current priority of China-Russia cooperation. “Bilateral trade development has leapt forward，” he said. “Growing energy cooperation is the guarantee of future boost of trade. Furthermore， as the two sides agreed during the meeting， innovation， agriculture and science and technology will be the highlight of upcoming cooperation.”
Energy cooperation protruded in Medvedev’s visit. “Energy cooperation between China and a third party will not affect cooperation between China and Russia，” Premier Li told the press after their meeting， adding that the Sino-Russian energy cooperation is of longterm strategic significance.
According to documents signed， a Russian petroleum company will supply an extra 10 million tons of crude oil， valuing $85 billion， to China every year. Moreover， the countries reached a basic understanding on pricing natural gas that Russia will transport to China through pipelines. Their energy cooperation broke the bottleneck of traditional resource supply with the planned launch of a hi-tech joint oil refinery project in Tianjin， which will process 16 million tons of crude oil every year. Li Dong noted that agriculture will offer big potential for bilateral cooperation. He said that Russia plans to become a major food exporter in the future to ensure its food security. To China， protecting world food security is also a key issue. He suggested boosting investment to promote bilateral cooperation. China is Russia’s fourth largest investor， and Russia is China’s 12th.
China and Russia also agreed to expand cultural exchanges. The two countries should stick to the ideal of good-neighborly friendship and mutual support and increase experience sharing on state governance in pursuit of common prosperity and the welfare of the people， Chinese President Xi said to Medvedev.
During the meeting， the two premiers approved an inventory of activities of the ChinaRussia Youth Year of Friendship Exchanges in 2014-15. China and Russia will send 10，000 students to each other as part of the event， which was agreed upon by Xi and Putin during Xi’s visit to Russia in March.
Since 2006， the two countries have held reciprocal cultural events， including the Year of Russia in China in 2006， the Year of China in Russia in 2007， language years in 2009 and 2010， followed by tourism years. “We should let the Chinese youth know that the Sino-Russian friendship is not ancient history，” Premier Li said to his Russian counterpart Medvedev. “Although the talks were focused on economic cooperation， they are not all about money.”
Perfect timing
Chinese Premier Li Keqiang and his Russian counterpart Dmitry Medvedev co-chaired the 18th annual meeting between the Chinese and Russian heads of government in Beijing on October 22. This is the first meeting between them since China’s new government took office in March. The annual meeting has been an important platform for mapping out cooperation between the two countries since December 1996.
The timing could not be better. The two neighbors are both at a crucial phase in their development. Russia has been implementing an ambitious development strategy in their Far East and East Siberia areas， aiming to reach or approach developed countries’ level of percapita gross domestic product by 2020. China， meanwhile， is in a fresh stage of reform wherein it will actively change its development pattern. It is engaged in expanding domestic demands， while pushing forward West Development Strategy in its vast western region.
Chen Yurong， a researcher on EuropeanCentral Asian studies with the China Institute of International Studies， said the China-Russia relationship has entered a new phase during which pragmatic cooperation is carried out comprehensively.
“Upholding the principle of mutual trust and mutual benefit， the two sides are boosting cooperation in energy， transport， infrastructure and technology， with such cooperation creating momentum，” Chen said.
During their meeting， Li and Medvedev released a joint communiqué and agreed on over 20 cooperative documents. “China and Russia are good neighbors and strategic partners， both in name and in essence，” said President Xi Jinping as he met with the visiting Russian prime minister on October 22. In his first foreign trip since taking office， the Chinese president visited Russia in March. Xi and President Vladimir Putin drew a blueprint for the development of bilateral comprehensive strategic partnership of coordination. Xi and Putin made it clear that a major task for the two sides is to turn high-level political relations into fruitful results.
The task for the upcoming Li-Medvedev meeting is to carry out consensus reached during the Xi-Putin meeting， said Li Dong， Deputy Director of the Institute of Russian Studies， China Institutes of Contemporary International Relations （CICIR）. According to the joint communiqué， the two sides will expand use of local currencies， facilitate trade and investment， and promote cooperation on aeronautics， astronautics， nuclear energy， hi-tech， agriculture and infrastructure construction. Moreover， agreements signed during Medvedev’s visit included discussing detailed measures to realize goals in trade， expanding energy cooperation， deepening cultural exchanges， and facilitating personnel exchanges. China and Russia have been coordinating on global issues from a position of mutual trust. “Sharing same or similar stances on major issues concerning the interests of the international community， China and Russia will continue strengthening coordination on foreign policies，” said the communiqué. It stated that the two countries hold that international issues， including the Syrian crisis， the nuclear issue on the Korean Peninsula and the Iranian nuclear issue， should be resolved through peaceful means and political dialogue. In the joint communiqué， China and Russia also claimed the outcomes established by the UN Charter and international law should not be challenged， urg- ing “the countries concerned” to be committed to an atmosphere of mutual trust， friendship and cooperation.
Sharing opportunities
Observers believe that boosting bilateral trade and investment is expected to change the current status of China-Russia cooperation， which is described as “hot politics， cool economy.”
During Xi’s visit in March， the two countries agreed to boost their annual trade volume to$100 billion by 2015 and $200 billion by 2020. The Chinese premier expressed confidence that the two countries will fulfill the first trade target in 2015. His Russian counterpart Medvedev echoed later that day during an online chat with Chinese netizens that the $100 billion goal is not the maximum. “We can even reach $150 billion， $200 billion or more，” he said. According to the latest statistics， bilateral trade reached$66.1 billion in the past nine months. China has been Russia’s biggest trade partner since 2011.
Li Dong from the CICIR pointed out that trade is a current priority of China-Russia cooperation. “Bilateral trade development has leapt forward，” he said. “Growing energy cooperation is the guarantee of future boost of trade. Furthermore， as the two sides agreed during the meeting， innovation， agriculture and science and technology will be the highlight of upcoming cooperation.”
Energy cooperation protruded in Medvedev’s visit. “Energy cooperation between China and a third party will not affect cooperation between China and Russia，” Premier Li told the press after their meeting， adding that the Sino-Russian energy cooperation is of longterm strategic significance.
According to documents signed， a Russian petroleum company will supply an extra 10 million tons of crude oil， valuing $85 billion， to China every year. Moreover， the countries reached a basic understanding on pricing natural gas that Russia will transport to China through pipelines. Their energy cooperation broke the bottleneck of traditional resource supply with the planned launch of a hi-tech joint oil refinery project in Tianjin， which will process 16 million tons of crude oil every year. Li Dong noted that agriculture will offer big potential for bilateral cooperation. He said that Russia plans to become a major food exporter in the future to ensure its food security. To China， protecting world food security is also a key issue. He suggested boosting investment to promote bilateral cooperation. China is Russia’s fourth largest investor， and Russia is China’s 12th.
China and Russia also agreed to expand cultural exchanges. The two countries should stick to the ideal of good-neighborly friendship and mutual support and increase experience sharing on state governance in pursuit of common prosperity and the welfare of the people， Chinese President Xi said to Medvedev.
During the meeting， the two premiers approved an inventory of activities of the ChinaRussia Youth Year of Friendship Exchanges in 2014-15. China and Russia will send 10，000 students to each other as part of the event， which was agreed upon by Xi and Putin during Xi’s visit to Russia in March.
Since 2006， the two countries have held reciprocal cultural events， including the Year of Russia in China in 2006， the Year of China in Russia in 2007， language years in 2009 and 2010， followed by tourism years. “We should let the Chinese youth know that the Sino-Russian friendship is not ancient history，” Premier Li said to his Russian counterpart Medvedev. “Although the talks were focused on economic cooperation， they are not all about money.”