India clocks 12 pc rise in deal volume in Jan-Oct, China sees 23 pc decline
India saw 11.9 per cent increase in deal volume (year-on-year) in the January-October period, bucking the overall trend in the Asia-Pacific region, a new report has said.
Russian President Vladimir Putin will attend the Belt and Road Forum for international cooperation to be held in Beijing on May 14-15.
Putin made the disclosure on Thursday when he met visiting Chinese Vice Premier Zhang Gaoli, who was here for meetings with the China-Russia Investment Cooperation Committee and with the Russian chair of the China-Russia Energy Cooperation Committee.
China put forward the Belt and Road Initiative in 2013, with the aim of building a trade and infrastructure network connecting Asia with Europe and Africa along the ancient Silk Road trade routes, Xinhua news agency reported.
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"China has viewed Russia as an important partner among the Belt and Road countries," Zhang told Putin, adding that the Chinese government will make good preparations for Putin's attendance.
"It is the strategic consensus reached by both Chinese President Xi Jinping and Putin to integrate the Belt and Road Initiative and Russia's Eurasian Economic Union," said Zhang.
He called on both sides to speed up the construction of major energy projects, expand two-way investment and finance cooperation in order to promote the common development.
Hailing the rapid growth of two-way trade volume since last year, Putin said the bilateral trade structure has improved.
"Sound progresses have scored on the Russia-China cooperation on major energy projects," said Putin.
"The east-route gas pipeline project and Yamal liquefied natural gas (LNG) project have advanced smoothly, while the west-route gas pipeline projects are under negotiation," he said.
Putin said Russia welcomed the active participation of Chinese investors into Russia's economic development.
He also called on the two sides to explore new areas of cooperation in order to add new impetus into the strategic partnership of comprehensive coordination.
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