Putin visits China: $5bln in deals expected

Release Date: 2009-10-12

Russia and China, two energy superstates, are set to seal deals worth more than five billion dollars in energy, infrastructure and telecoms during the visit of a high-powered delegation led by Prime Minister Vladimir Putin to China

Around a hundred top Russian business leaders form the delegation, hoping to win a bigger slice of one of the world’s largest energy and industrial markets. Putin will meet with his Chinese counterpart Wen Jiabao during his visit, as well as China’s President Hu Jintao, and will take part in a meeting of the Shanghai Cooperation Organization (SCO). The meeting is expected to focus on the strengthening of humanitarian and economic cooperation between the SCO member states, including their cooperation in overcoming the consequences of the global financial crisis.

Heads of Government of the SCO member states are also to discuss joint projects in the transport, energy, information and telecommunication spheres.

The SCO, founded in 2001, consists of Russia, China and the ex-Soviet republics of Kazakhstan, Kyrgyzstan, Tajikistan, and Uzbekistan.

Type:	NORMAL
Url:	www.russiatoday.ru