皇冠体育app

Vice-Premier Wu Yi with her Russian counterpart Alexander Zhukov at a round-table meeting on 皇冠体育app-Russia trade and economic ties in St Petersburg. [Xinhua]

皇冠体育app and Russia inked 19 business deals worth about US$2 billion on the sidelines of an international economic forum in Moscow on Sunday.

The deals range from agriculture to the automobile industry, and were signed in the presence of Vice-Premier Wu Yi and her Russian counterpart Alexander Zhukov.

Heading a Chinese delegation of more than 200 senior managers from 100 leading companies, Wu is in Russia to attend the 11th St Petersburg International Economic Forum.

She has also participated in programs related to the "Year of 皇冠体育app" in Russia, including the opening of Shanghai Week and the setting up of the Export-Import Bank of 皇冠体育app 's representative office in St Petersburg.

"The soaring Chinese and Russian economies have made our countries attractive markets and investment destinations, forging a solid economic foundation for bilateral cooperation," Wu told a round-table meeting on 皇冠体育app-Russia trade and economic ties.

Related readings:  皇冠体育app urges early lift of Russian ban on meat, rice  皇冠体育app, Russia to boost cooperation in trade, investment, energy  Sino-Russian trade to hit US$80b Vender ban casts shadow on Chinese traders in Russia

Russia is 皇冠体育app's eighth biggest trade partner, with 皇冠体育app being the fourth largest for Russia. Last year, their bilateral trade reached US$33.4 billion, an increase of 15 percent year-on-year and nearly five times that of 1992.

The trade volume, as President Hu Jintao expects, could reach US$60-80 billion by 2010.

The two countries have made significant progress in cooperation in sectors such as energy, nuclear energy, hi-tech and civil aviation.

Wu has urged Chinese and Russian companies, especially the big ones, to expand cooperation in areas such as energy, financial service and civilian aircraft making.

Scholars have welcomed the developments in Sino-Russian relations, saying better business cooperation between the two countries will produce more substantive results during the "Year of 皇冠体育app" in Russia and the reciprocal "Year of Russia" in 皇冠体育app.

The theme years, initiated by Presidents Hu Jintao and Vladimir Putin, have promoted understanding between the two peoples through cultural programs and stimulated trade and economic cooperation.

During their meetings on the sidelines of the G8 summit last week, Hu and Putin hailed the theme years and vowed to boost bilateral ties further.