Economy

China, Russia sign 13 deals valued at $8b

(Xinhua)
Updated: 2010-11-25 10:03

MOSCOW - Representatives and financial institutions from China and Russia on Wednesday signed 13 agreements worth $8 billion.

Chinese Vice Premier Wang Qishan and Russian Deputy Prime Minister Alexander Zhukov, the two chairmen from each side of the Joint Commission for China-Russia Regular Meetings of Heads of Government, attended the signing ceremony held at the fifth China-Russia economic and trade summit forum.

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Among the deals were two financial agreements worth $236 million, 10 cooperative agreements on economy and technology totalling $5.3 billion, and one trade agreement worth around $320 million.

The agreements covered a wide range of areas including commercial trade, investment, mining, manufacturing, construction and telecommunications equipment.

The signing of the 13 agreements has fully demonstrated the continuous deepening and broadening economic cooperation between the enterprises of China and Russia, thanks to the efforts of the governments of the two countries.