The Sino-Russian finance ministers' dialogue mechanism will help the enlargement of economic cooperation between the two countries, the ministers said in a statement Wednesday.

The dialogue mechanism, which was forged during Russian President Viadimir Putin's visit to China last year, deepens financial cooperation and promotes the dynamic development of Russian-Chinese relations, the statement said.

China will host the third Finance Ministers' Dialogue Conference in Beijing next year, the statement said.

Finance Minister Jin Renqing and his Russian counterpart Alexei Kudrin discussed each country's economic development strategy, micro-economy and policy, financial reform, taxation policy and cooperation on the world arena at their meetings on Tuesday.

(Xinhua News Agency July 12, 2007)