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Sub-anchor: Evolution of China-Russia ties

06-06-2012 08:52 BJT Special Report:Russian President Putin Visits China |

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Russian President Vladimir Putin has arrived in Beijing for a 3-day official visit. This is Putin's first time in China since regaining the Russian Presidency in May. Full story>>

For more on President Putin's visit, our reporter Han Bin joins us now in the studio. Hello Han Bin. You mentioned that the economic ties are topping the agenda.

Q1: Can you give us some more detail on the current state of economic ties between Russia and China?

A1: In contrast to the tough trade situation China has endured recently with developed economies such as Japan and EU, trade with Russia has enjoyed robust growth over the past decade. China is already Russia's biggest source of imports, while Russia is China's eighth-largest trading partner.

In the first quarter of this year, trade between the two countries grew by 33 per cent, a much bigger jump trade than with the EU and Japan. Last year, trade volume between China and Russia reached a total of 80 billion US dollars. That's a 43 per cent increase year-on-year. Looking to the future, both leaders have set a target of 200 billion dollars for 2020. There is huge scope right now for increasing bilateral trade, but underlying the rapid growth is a structural imbalance, which has long been a source of friction for both nations.

China exports mainly textiles, plus mechanical and electrical products to Russia, while energy and raw materials go the other way. Russia has long sought to reduce the proportion of energy exports and boost the quantity of manufactured goods flowing out of the country. Despite these differences, many in the business sector believe Putin's visit will add fresh momentum to the fast-growing economic link between the two nations.

Q2: It's been said that China- Russia relations are at an historic high. Can you tell us about the evolution of this relationship and the mutual interests that lie behind the current partnership?

A2: Back in 2001, China and Russia signed an historic "friendship agreement," called Good Neighborly Treaty of Friendship and Co-operation. It aimed to safeguard the mutual interests of both countries and boost economic and cultural exchange. Ten years later, the two countries signed a joint statement, stressing the development of a Comprehensive Strategic Cooperative Partnership.

Russia and China are major powers and emerging economies. Both are permanent members of the UN Security Council. Moscow and Beijing have carried out close cooperation in global and regional organizations, such as the Shanghai Cooperation Organization, the G20, and BRICS. They share common principles, like neutrality and non-interference in the internal affairs of other nations.

In other words, they have a shared concept of security on the global stage. They have actively coordinated with each other on international hot-spots, including the situation in West Asia, North Africa and the nuclear issue on the Korean Peninsula. Putin's visit is expected to lay out joint-goals for the next ten years. This is a key bilateral relationship that will influence not only the region, but the entire world.

Editor:Wang Chuhan |Source: CNTV.CN

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