Russian scholar: China-U.S. co-op of great significance to world

Source: Xinhua | 04-02-2009 21:48

by Xinhua writers Yu Maofeng, Liu Yang

MOSCOW, April 2 (Xinhua) -- Strengthened cooperation and dialogue between China and the Untied States are of great significance for stabilizing the world's political and economic situation, a leading Russian scholar said.

Wednesday's meeting between Chinese President Hu Jintao and his U.S. counterpart Barack Obama on the sidelines of the G20 summit in London will open up new prospects for China-U.S. cooperation, Vasily Mikheyev, head of the Chinese and Japanese branch at the Institute of World Economy and International Relations, said in an interview with Xinhua on Wednesday.

The meeting, held against the backdrop of the global financial crisis, will demonstrate to the world the two countries' cooperation capability, potential and prospects for jointly handling the crisis, Mikheyev said, adding that the two heads of state would also have established personal ties through the talks.

The London meeting is likely to help the two countries yield positive results in global and bilateral cooperation, and cooperation in northeastern Asia, Mikheyev said.

China-U.S. cooperation at the global level, with its focus on dealing with the current economic downturn, bears special importance, Mikheyev said. "No country can stem the tide of the crisis by itself. All countries should make concerted efforts and cooperate with one another," he said.

The summit will contribute to the two countries' coordination in coping with the crisis, and help them establish a new world economic and financial security system to avoid a repeat of the current economic turmoil, he said. Such cooperation will expand to other areas such as global climate change and anti-terrorism.