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Russian and Chinese leaders will discuss boosting high technology cooperation and increasing mutual supplies of cars and equipment during their talks in the Kremlin
"Russia is growing into an important market for Chinese products, such as telecommunications equipment, household appliances and home electronics, cars and industrial equipment," a source in the Kremlin said. Russia is interested in augmenting energy equipment supplies, both for nuclear power and conventional plants, civil aviation, mining and other kinds of equipment. "Special attention should be paid to cooperation in environmental protection," the source said. He called the joint monitoring of trans-border water bodies, the development of specially protected natural area networks and the protection of forests and other biological resources priorities in this sphere. Economic cooperation remains the most important sector of bilateral cooperation. "Bilateral trade turnover was more than $20 billion last year, as had been expected. And high growth rates have been registered this year too," the Kremlin representative said. He emphasized such achievements as progress in hi-tech and innovative cooperation, the enhancement of inter-bank partnerships and the growing mutual interest in Russian and Chinese business. According to the source, practical work on a medium-term program for Russian-Chinese trade and economic relations in 2006-2010 has begun. "This document must present a comprehensive analysis of our cooperation's potential, specific recommendations to solve actual problems in the way of a progressive advance of Russian-Chinese trade and economic interaction," the source said. "Investment cooperation is expanding. A number of major projects to attract Chinese investment in the Russian economy proposed at the first Russian-Chinese investment forum in Khabarovsk last June, are being implemented," the representative said. He said the second investment forum, which was held in St. Petersburg from June 9-10, gave additional impetus to extending the "geography" of Chinese investment in European Russia
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