China, Russia look to "new era" of strategic relations

Russian President Dmitry Medvedev Monday signed a series of political and commercial deals on his second state visit to China, a sign of closer strategic ties between the two world powers.
Medvedev held talks with his Chinese counterpart Hu Jintao Monday in Beijing. They celebrated the completion of a long-awaited China-Russia oil pipeline, the largest bilateral project between the two countries.
The 999-km pipeline runs from Angarsk in Russia to Daqing in northeast China. It is part of a bilateral loan-for-oil deal that was reached in 2009. Under it, China makes a 25-billion-U.S.-dollar long-term loan to Russia while Russia supplies China with 300 million tonnes of oil through pipelines from 2011 until 2030.
"The smooth completion of the pipeline project is a model for the two countries' mutually beneficial win-win cooperation and a milestone for China-Russia energy cooperation," said Hu at the completion ceremony.
The two countries also signed 15 deals on cooperation covering coal, gas supply, energy efficiency, renewable energy, nuclear power, power grids and banking.
Medvedev arrived in northeast China's port city of Dalian Sunday to start his state visit. There, he met with veteran Chinese and Russian soldiers who participated in China's War of Resistance against Japanese Aggression (1937-1945), part of WWII, underscoring the "deep bonds" between the Russian and Chinese peoples.
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China, Russia ink statement to deepen strategic partnership of coordination

Chinese President Hu Jintao (R) shakes hands with Russian President Dmitry Medvedev as they sign a joint statement to comprehensively deepen the strategic partnership of coordination of China and Russia in Beijing, Sept. 27, 2010. (Xinhua/Li Tao)
China and Russia on Monday signed a joint statement to comprehensively deepen their strategic partnership of coordination.
The joint statement was signed by Chinese President Hu Jintao and Russian President Dmitry Medvedev after their talks in the Great Hall of the People in downtown Beijing.
The two heads of state also issued a joint statement on the 65th anniversary of the end of the Second World War.
Besides the joint statements, the two sides also signed an agreement on the fight against terrorism, separatism and extremism along with commercial deals covering coal, nuclear energy and banking.
The deals included a protocol of a memorandum of understanding on cooperation of coal, a strategic cooperation agreement on peaceful utilization of nuclear energy, a letter of intent on investment between the China North Industries Corporation and RUSAL, the world's largest aluminum producer, a contract on technology design for the No. 3 and No. 4 units of the Tianwan Nuclear Power Plant in Lianyungang of east China's Jiangsu Province, an additional agreement on buyer's credit for export between Industrial and Commercial Bank of China and Russia's VTB Bank, as well as several agreements on energy cooperation.
Medvedev is paying a three-day state visit to China at the invitation of Hu. He will also meet China's top legislator Wu Bangguo, Premier Wen Jiabao and Vice President Xi Jinping.
Source: Xinhua
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