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28-03-2007
China
buses enterprises HIGER and Yutong signed big
contracts during the national exhibition. Chinese
national exhibition held in the Krokus Expo
centre in Moscow March 27, 2007.
Russian First Deputy Prime Minister Dmitry Medvedev,
Chinese Vice Premier Wu Yi and Russian Economic
Development and Trade Minister German Gref took
part in the signing ceremony.
China
and Russia enterprises signed 21 agreements
and contracts worth 4.3 billion U.S. dollars
after the opening ceremony of China's national
exhibition in Moscow Tuesday.
Among
those agreements and contracts, 17 trade deals
valued at about 3.7 billion dollars were signed.
These include exports of Chinese vehicles, home
appliances and farm products to Russia, as well
as imports of Russian machine tools and silicic
steel plates to China. Four economic cooperation
projects worth 586 million dollars in timber
processing, shipbuilding and mining were also
inked.
The
two countries have decided to raise the volume
of bilateral trade to 60-80 billion dollars
by 2010, and the investment of China in Russia
to 12 billion dollars by 2020.
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