China and Russia to Enhance Investment and Energy Cooperation

China and Russia have committed to expanding their collaboration in investment and energy sectors to strengthen their bilateral relationship. This commitment was reached following a series of recent high-level meetings.

China and Russia to Enhance Investment and Energy Cooperation
China and Russia have committed to strengthening their cooperation in investment and energy, further bolstering their bilateral relationship. This commitment was established during a series of recent high-level meetings.

Chinese Vice Premier Ding Xuexiang visited Russia from Sunday to Tuesday. He participated in the 11th meeting of the China-Russia Investment Cooperation Committee, the 21st meeting of the China-Russia Energy Cooperation Committee, and the 6th China-Russia Energy Business Forum.

Co-chairing the meetings, Ding, who is also a member of the Standing Committee of the Political Bureau of the Communist Party of China Central Committee, underscored the strategic dialogues and agreements made by the two heads of state, highlighting that these discussions have laid out a new framework for enhancing China-Russia relations and cooperation across various sectors.

Ding expressed China's willingness to work closely with Russia to implement the important consensus reached by the two heads of state, elevate the level of investment and energy cooperation between the countries, and achieve mutual benefit, win-win outcomes, and common development.

He mentioned that under the strategic direction of their respective leaders, China-Russia investment and energy cooperation has made significant strides, delivering tangible benefits for both countries. He urged the creation of plans to guide bilateral investment, the steady progress of major projects, and the establishment of a favorable investment environment.

Furthermore, Ding called for deeper integrated cooperation among upstream, midstream, and downstream operations in the energy sector, enhancing collaboration in areas such as energy technology innovation, and strengthening strategic coordination on global energy governance, to jointly promote high-quality cooperation.

The Russian side praised the development of Russia-China relations and the progress 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), emphasizing that the key reform resolution adopted at the session will significantly advance China's prosperity and development while offering new opportunities for Russia-China relations.

Russia expressed its willingness to collaborate with China to fully implement the consensus reached by the two heads of state, leverage the platform and coordinating role of investment and energy cooperation mechanisms, broaden the scope and depth of their cooperation, and contribute to the growth of the Russia-China 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.

Ding recalled that in May, the two heads of state held talks in Beijing and issued a joint statement to consolidate China-Russia strategic energy cooperation and achieve high-level development for the economic and energy security of both countries.

He emphasized the need to maintain the positive momentum of energy trade cooperation, promote the construction of large-scale energy projects, expand mutually beneficial cooperation in the energy industry chain, and build a closer energy cooperation partnership.

Ding also mentioned that China is further opening its doors to the world and will offer more development opportunities through high-quality development. He welcomed Russian enterprises to actively participate in China's modernization and achieve better development by sharing in 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.

(With input from Xinhua)

Olivia Brown contributed to this report for TROIB News