Tags: Putin | Cozies | China

Putin Cozies Up to China

Tuesday, 11 September 2001 12:00 AM

"The soonest ratification of the treaty is the first task in developing bilateral relations," Putin was quoted as saying by the official RIA Novosti news agency.

The Russian president added that ties between the two giant neighbors were "developing intensively" and expressed his satisfaction over bilateral cooperation.

Zhu, who is in his fourth visit to Russia in the capacity of the Chinese premier, replied that China welcomed further strengthening of ties.

Zhu told Putin that Chinese President Jiang Zemin "is looking forward to meeting you again in Shanghai" at the summit of the Asia-Pacific Economic Cooperation Group.

The two leaders have exchanged visits since Putin was inaugurated as Russia's president in May 2000.

"Shanghai produces a rather strong impression," reiterated Putin, praising Zhu's efforts as Shanghai mayor, the post he held before becoming the premier.

The July 16 treaty, signed by Putin and Jiang, envisions development of ties between Moscow and Beijing over the next 20 years.

Earleir, the two governments also created a joint commission that aims to facilitate cooperation between the two countries' businesses and boost trade.

According to Putin, the meeting of Russian and Chinese premiers in Moscow this week became the "most successful" in the work of the commission over the years.

The commission has already met six times and this week inked several large deals such as construction of a 1,488-mile oil pipeline from eastern Siberia to northeastern China and sale of five Russian-made Tu-204 passenger jets to Beijing.

The aircraft deal had a specific importance as it marked the resumption of Russia's aircraft sale to China after a 20-year break.

Russia's natural gas giant Gazprom and Shell oil company clinched a deal estmated at $10 billion to build a transnational gas pipeline spanning from China's east to west.

A source in the Putin administration told RIA Novosti today that the economic cooperation with China had revealed "reassuring signs of overcoming the stagnation that may have been observed in recent years."

Moscow and Beijing posted an increase in bilateral trade for a second year in a row, said the source.

In 2000, the annual turnover rose by 40 percent reaching a total of $8 billion.

This year, that figure is expected to rise to $10 billion.

Copyright 2001 by United Press International.

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The soonest ratification of the treaty is the first task in developing bilateral relations, Putin was quoted as saying by the official RIA Novosti news agency. The Russian president added that ties between the two giant neighbors were developing intensively and...
Putin,Cozies,China
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2001-00-11
Tuesday, 11 September 2001 12:00 AM
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