Chinese and Russian business leaders on Wednesday vowed to further cooperation, especially in investment, machinery, R&D and project contract aspects.

 

In a China-Russia business chamber meeting held in Moscow on the sideline of the "Year of China in Russia," participants from machinery, aviation, metal refining, finance, high-tech, telecommunication, transportation and agricultural sectors exchanged views on future cooperation.

 

They agreed to enhance information exchange, host regular trade fairs and promotion events.

 

Trade between Russia and China has maintained a rapid growth rate for eight consecutive years, reaching US$33.4 billion in 2006. It was expected to reach US$60 billion to 80 billion by 2010.

 

(Xinhua News Agency March 29, 2007)