Editor in Chief: Moh. Reza Huwaida Monday, May 25th, 2020

Russia-China Cooperation to Significantly Improve in New Era: Scholar

Russia-China Cooperation to Significantly  Improve in New Era: Scholar

MOSCOW - Russia-China cooperation in various areas will substantially improve as the two countries have elevated their ties to a comprehensive strategic partnership of coordination for a new era, a Russian scholar has said.
The two countries will raise the level of strategic coordination, and make cooperation more fruitful, said Sergei Luzyanin, director of the Institute of Far Eastern Studies of the Russian Academy of Sciences, in a recent interview with Xinhua.
Chinese President Xi Jinping’s recent visit to Russia is very significant as this year marks the 70th anniversary of the founding of the People’s Republic of China as well as seven decades of Russia-China diplomatic relationship, he said.
Luzyanin expects both sides to promote the synergy of the Eurasian Economic Union and the Belt and Road Initiative, strengthen partnership within the framework of the Shanghai Cooperation Organization, improve the global governance system, and enhance cooperation on security issues.
Russia and China will accelerate economic, trade and investment cooperation in the new era, Luzyanin said.
Two-way trade between the two countries hit a record high of over 100 billion U.S. dollars in 2018 and will probably continue to grow by 27 percent to 30 percent this year, he added.
He said that the quality of Russia-China investment, trade and economic cooperation will be significantly improved in the next decade, while new forms of cooperation will emerge in such areas as technology, investment, goods and services. (Xinhua)