Putin's Visit to China Brings 360 Sets of NC Machine Tool Orders

On the 11th, Prime Minister Putin of the Russian Federation Government arrived in Beijing and co-chaired with the Chinese Premier Wen Jiabao the sixteenth regular meeting of Chinese and Russian Prime Ministers in the afternoon and attended the signing ceremony of relevant agreements between the two countries.

One day before arriving in Beijing, Putin has signed a number of outcome documents of the 6th China-Russia Economic and Industrial Summit Forum in Moscow, including Russia’s supply of 2.5 billion U.S. dollars worth of nickel to Russia and Russia’s purchase of 360 sets of CNC machine tools from China. contract.

At the 6th China-Russia Economy and Business Community Summit, which was opened on the 10th, China and Russia signed 16 economic, trade, economic and technological cooperation projects with a total value of US$7.08 billion, of which the total amount of investment cooperation projects was US$4.16 billion, accounting for the total amount. More than half of the agreements involved trade, technology transfer, cooperative R&D production, investment, and mineral development.

In recent years, Sino-Russian bilateral trade has grown rapidly. In 2010, the trade volume reached 59.3 billion U.S. dollars. China has surpassed Germany to become Russia’s largest trading partner. From January to August this year, the total volume of Sino-Russian trade reached a record high of US$50.8 billion, a year-on-year increase of 43.7%. The annual bilateral trade volume is expected to exceed US$70 billion. By 2015, this trade will reach 100 billion U.S. dollars.