Source: CCTV.com

01-27-2008 13:16

The China-Russia trade forum was held in Beijing on Saturday, where participants discussed cooperation in energy, resources, infrastructure construction and labour between the two countries. The two sides also signed an agreement for China to import 156 high-tech materials and items of equipment from Russia.

Two sides signed an agreement for China to import 156 high-tech  materials and items of equipment from Russia.

The cooperation items include 63 energy-saving technologies, such as super-conductive materials, and 53 medical and bio-engineering technologies, such as diagnosing equipment.

The cooperation also covers 17 new materials technologies, such as reinforced plastic, and 23 environmental protection and agricultural technologies, such as waste-water treatment equipment.

The president of the Chinese People's Association For Friendship With Foreign Countries Chen Haosu said projects would improve the trade balance between the two countries.

China has become Russia's third largest trading partner, and Russia is China's seventh. In 2007, trade between China and Russia jumped by 44 percent year on year to 48 billion U.S. dollars while China's surplus hit seven billion to eight billion dollars. The two sides expect their trade to reach 60 billion to 80 billion dollars by 2010.

 

Editor:Du Xiaodan