China and Russia have pledged to deepen their investment and energy cooperation, marking a significant enhancement of their bilateral ties following a series of high-level meetings.
Chinese Vice Premier Ding Xuexiang visited Russia from Sunday to Tuesday, co-chairing the 11th meeting of the China-Russia Investment Cooperation Committee and the 21st meeting of the China-Russia Energy Cooperation Committee, as well as attending the 6th China-Russia Energy Business Forum.
Ding, who is also a member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee, emphasized the strategic agreements made by the two heads of state, describing them as a new blueprint for the development of China-Russia relations and cooperation across various fields.
“China is willing to work with Russia to earnestly implement the important consensus reached by our heads of state, continuously upgrade the level of investment and energy cooperation, and better realize mutual benefit, win-win results, and common development,” Ding said.
He noted that under the strategic leadership of their respective heads of state, China-Russia investment and energy cooperation has seen significant progress, yielding tangible benefits for both nations. He called for formulating plans to guide bilateral investment, advancing major projects steadily, and creating a favorable investment environment.
Ding also stressed the importance of deepening integrated cooperation across upstream, midstream, and downstream operations in the energy sector. He highlighted the need to enhance cooperation in areas such as energy technology innovation and to strengthen strategic coordination on global energy governance to jointly promote high-quality collaboration.
The Russian representatives praised the development of China-Russia relations and the achievements in practical cooperation. They congratulated the successful convening of the third plenary session of the 20th Central Committee of the Communist Party of China (CPC) and noted that the key reform resolutions adopted would not only strongly promote China’s prosperity and development but also provide new opportunities for China-Russia relations.
They expressed Russia’s willingness to work closely with China to fully implement the consensus reached by their heads of state, leverage the platform and coordinating role of investment and energy cooperation mechanisms, expand the scope and depth of cooperation, and contribute to the growth of the China-Russia comprehensive strategic partnership of coordination for the new era.
At the opening ceremony of the 6th China-Russia Energy Business Forum, Ding read a congratulatory letter from Chinese President Xi Jinping and delivered a speech.
He noted that back in May, the two heads of state held talks in Beijing and issued a joint statement on consolidating China-Russia strategic energy cooperation and achieving high-level development to ensure the economic and energy security of both countries.
Ding emphasized that both sides should consolidate the positive momentum of energy trade cooperation, jointly promote the construction of large-scale energy projects, pragmatically expand mutually beneficial cooperation in the energy industry chain, and build a closer energy cooperation partnership.
“China is opening its doors even wider to the world and will provide more development opportunities through its high-quality development,” Ding said. “Russian enterprises are welcome to actively participate in China’s modernization drive and achieve better development while sharing China’s opportunities.”
Igor Sechin, executive secretary of the Russian Presidential Commission for the Strategic Development of the Fuel and Energy Sector and Environmental Security and chief of Russian oil company Rosneft, addressed the opening ceremony and read a congratulatory letter from Russian President Vladimir Putin.
These developments signify a strengthening of the strategic partnership between China and Russia, particularly in the areas of investment and energy. The enhanced cooperation is expected to bring tangible benefits to both nations and contribute to the stability and development of the global energy sector.
Reference(s):
China, Russia agree to expand investment, energy cooperation
cgtn.com
