Chinese President Xi Jinping has indicatedย that China is ready to strengthen participation with Russia. The two countries reportedly want to โdevelop and setย up aย greater regional marketโ while ensuring โa more stable and robust worldwide supply chainโ toย beย ableย to โ attract real and tangible advantages to the countries in the region.โ
China and Russia to Strengthen Cooperation
Chinese President Xi Jinping met with Russian Prime Minister Mikhail Mishustin in Beijing on Wednesday. During their meeting, Xi informed the Russian official that China is ready to strengthen participation with Russia, Chinese news agency Xinhua reported.
Xi indicatedย that in addition to strengthening participation across multilateral platforms, such as the United Nations, the Shanghai Participation Organization (SCO), the BRICS, and the G20, China and Russia should explore โpotentialโ new economic, trade, and financing relations.
The Chinese leader informed Mishustin: โWe hope that the two sides will continue to benefitย from โฆ the strong momentum of Sino-Russian participation, elevate participation in numerous fields โฆ and continuously enrich the content of the comprehensive strategic cooperative partnership betwixt our two countries in the new era.โ He was further quoted as saying:
China is ready to work with Russia and countries of the Eurasian Economic Union to encourage and connect the Belt and Road Initiative with the union toย beย ableย to develop and setย up aย greater regional market, secure a more stable and robust worldwide supply chain so [we can] attract real and tangible advantages to the countries in the region.
Responding to Xiโs statements, Mishustin stated Russia is โready to work with China to encourage multipolarization in the world and consolidate the international order accordingย to international law.โ
Xi emphasized Chinaโs commitment to offer company support to Russia on matters related to the two nationsโ respective core interests and strengthen participation in multilateral forums. He commended the substantial level of mutual trust and coordination betwixt China and Russia, stating that it โset an example of a newย form of international relations.โ
Prior to visiting Beijing and meeting Xi, Mishustin attended a Russian-Chinese Business Forum in Shanghai. At the forum, the chairman of Russiaโs national economic development institution VEB.RF urged China and Russia to accelerates the establishment of a new, โcutting-edgeโ payment system for SCO and BRICS currencies. Mishustin said:
Our relations with China keep getting stronger. This longย term relationship is accordingย to historical roots, mutual respect, and friendship.
