RUB/BRL 0,0932
RUB/INR 1,4092
RUB/CNY 0,1209
RUB/ZAR 0,2893
BRL/RUB 10,7503
BRL/INR 15,1489
BRL/CNY 1,2997
BRL/ZAR 3,1086
INR/RUB 0,7096
INR/CNY 0,0858
INR/ZAR 0,2052
INR/BRL 0,066
ZAR/BRL 0,3219
ZAR/RUB 3,4551
ZAR/INR 4,8689
ZAR/CNY 0,4177
CNY/RUB 8,2715
CNY/INR 11,656
CNY/BRL 0,769
CNY/ZAR 2,392
Moscow -12 °C
Brazilia 18 °C
New Delhi 17 °C
Beijing 6 °C
Pretoria 23 °C
24.01.2319:00 Society
TV BRICS podcasts are now available on Apple Podcasts
20.01.2315:45 Society
TV BRICS to report on current events in Jilin Province in the "China News Review"
18.01.2310:45 Society
TV BRICS signs agreement with the Museum of the Special Purpose Garage of the Federal Guard Service of Russia
Russia China
05.12.22 17:32

Investment cooperation between Russia and China demonstrates good dynamics

This was stated by Mikhail Mishustin at the 27th regular meeting of the Heads of Government of the Russian Federation and China

On Monday, 5 December, Prime Minister of the Russian Federation Mikhail Mishustin and Premier of the State Council of the People's Republic of China Li Keqiang held a meeting of the Heads of Government of Russia and China via videoconference.

During the discussion, the parties touched upon a number of topical issues related to the development of partnerships and summed up the results of recent cooperation. Mishustin noted the good results achieved on the economic track, especially in mutual trade.

“Russian-Chinese trade is showing double-digit growth. For 10 months of this year, it increased by almost a third and approached $150 billion. This is already higher than the figures for the entire last year,” the Prime Minister of the Russian Federation said.

He added that in the future, as agreed by the leaders of the two countries, this figure will reach $200 billion and continue to grow further. In addition, the energy partnership has acquired a strategic character.

“Supplies of natural gas, oil and coal are growing. In China, the construction of nuclear power plants with Russian participation continues. We are ready to ensure the fulfillment of all existing contractual obligations and work on new large-scale initiatives in this area,” Mishustin emphasized.

He also mentioned that investment cooperation has received a new vector of development - the portfolio of the Intergovernmental Russian-Chinese Commission includes 79 significant and promising projects. The total amount of announced investments exceeds $160 billion.

One of the most important recent achievements the parties called the systematic transition to settlements in national currencies. At the moment, almost half of the trade between Russia and China is carried out in yuan and rubles.

“We are systematically cooperating in the payment sector, as well as on bank cards. Many of our banks have already connected to each other's payment system, which is very important for the smooth functioning of production and supply chains,” said Li Keqiang.

The Premier of the State Council of the People's Republic of China added that China is also interested in further intensifying cooperation in the areas of interregional cooperation and cultural and humanitarian ties.

In addition, the parties discussed cooperation in the field of transport, digital technologies, green economy and space. This was reported on the official website of the Russian government.

Photo:  IStock
Оцените материал


04.02.2318:30 Economics
Brazil's trade balance in January postes its best monthly result since 2006
03.02.2314:05 Economics
Russia and China to accelerate restoration of face-to-face contacts and mutual tourism
02.02.2319:00 Economics
South Africa Coal Conference takes place in Cape Town
01.02.2316:45 Economics
Egyptian parliament approves agreement to join BRICS New Development Bank
01.02.2311:55 Economics
China can play a very important role in boosting global growth in 2023
31.01.2318:30 Economics
Brazil plans to sell green bonds this year