China and Russia on Wednesday signed documents of cooperation in various fields during Chinese President Xi Jinping's state visit to Russia, from June 5 to 7.
The joint documents signed by the two sides cover a wide array of areas with mutual interests, including trade, investment, e-commerce, energy, agriculture and education.
Russia's natural gas producer Novatek signed LNG agreement with China's Sinopec. Chinese e-commerce giant Alibaba will set up ajoint venture with the Russian Direct Investment Fund (RDIF), Megafon and Mail.ru Group to boost e-commerce cooperation.
The two countries embrace a great opportunity in the e-commerce business. Alibaba's cross border e-commerce platform AliExpress is the most visited e-commerce website in Russia with over four million active Russian users.
The comprehensive strategic partnership of coordination for a new era
The two countries also signed two joint declarations, on promoting global stability and a comprehensive strategic partnership of coordination for a new era.
Chinese President Xi Jinping said that the bilateral trade hit a record high of over 100 billion U.S. dollars, and the two countries have also strengthened cooperation in e-commerce, aviation, and energy among other new areas.
The two countries will continue and further promote regional economic cooperation, said President Xi.
The first Sino-Russian cross-border highway bridge connecting Heihe City innortheast China'sHeilongjiangProvince and Russia's Blagoveshchensk is expected to be complete by the end of this year.
Also, the second line of the China-Russia oil pipeline began commercial operation last year, and the east-route natural gas pipeline is expected to supply gas to China by the end of this year.
The Russia-China friendship reaches a new high as this year marks the 70th anniversary of the establishment of diplomatic ties between China and Russia.
President Xi, during his three-day state visit to Russia, will also attend the 23rd St. Petersburg International Economic Forum (SPIEF).
(CGTN)