China, Russia Cement Partnership With New Cooperation Blueprint
(Xinhua) 14:22, October 14, 2014
MOSCOW, Oct. 14 -- With a host of new cooperation deals signed Monday, China and Russia further consolidated their partnership, a move leaders on both sides consider will benefit not only the two countries, but also world peace, regional stability and global collaboration.
Visiting Chinese Premier Li Keqiang and his Russian counterpart, Dmitry Medvedev, witnessed the signing of about 40 agreements after holding the 19th China-Russia Prime Ministers' Regular Meeting in Moscow.
NEW COOPERATION BLUEPRINT
A local currency swap deal worth 150 billion yuan (24.4 billion U.S. dollars) between the central banks of China and Russia was among the documents signed, read a statement issued by the People's Bank of China.
The three-year agreement, extendable on mutual consent, is expected to facilitate bilateral trade and direct investment between the two countries.
China would like to enhance cooperation with Russia on major investment projects in such areas as mining, chemical industry, agriculture and infrastructure construction, Li said in his talks with Medvedev.
more...
http://english.peopledaily.com.cn/n/2014/1014/c90883-8794539.html