Medvedev Visits China: Establishing Development Goals, Deepening Economic and Trade Energy Cooperation

On May 23-24, after the conclusion of his visit to Kazakhstan, the new President of Russia, Medvedev, will arrive in Beijing and begin his first visit to China as president. China also became the first country outside the Commonwealth of Independent States after President Medvedev’s visit.
Chinese Assistant Foreign Minister Li Hui said at the press conference on the 20th that the main contents of the Russian President’s visit to China are not only to strengthen mutual political trust between the two countries, but also to sum up experiences and determine the goals and directions for further development. It will discuss pragmatic cooperation in the fields of economy, trade, science and technology, and energy.
As a trip to China in the "Best Time in the History of China-Russia Bilateral Relations," Russia's Minister to China Morgulov told reporters that the two countries will sign a series of documents, the most important of which will be the two countries. A joint statement will be issued on the current international issues.
On May 24, President Medvedev will give a speech at Peking University. According to Morgulov, this will be the first time that Medvedev has given a public speech in foreign countries since he became president. "In the speech, President Medvedev will elaborate on his views on Sino-Russian relations and on the next direction of development and goals of Russia."
There was also a large business delegation to visit with Medvedev. This business delegation consists of more than 40 well-known Russian entrepreneurs, including Russian electromechanical equipment manufacturers, such as SISTEMA and representatives of several financial institutions including the Russian state-owned commercial bank (VTB). They will attend the Russia-China Bilateral Entrepreneur Council meeting on May 23. The scope of discussion includes the two countries’ cooperation in nuclear energy, forest development, finance, and local governments.
First visit to China after taking office
Regarding the significance of this visit, Morgulov said that as the first country outside the CIS after the new president took office, the visit itself can already show Russia's emphasis on the relations between the two countries and their expectations.
Exchanges of visits after the handover of power have precedents between China and Russia. In May 2003, after President Hu Jintao assumed the presidency, Russia used Russia as the destination for his first visit. China is also the first country in the Asia-Pacific region visited by former Russian President Putin after he took office in 2000.
According to Jiang Yi, a researcher of the East Asia Institute of Russia, the Chinese Academy of Social Sciences, such an exchange visit mechanism shows that the height of the development of bilateral relations and the importance attached to both sides have enabled the successful transformation of the relations between the two countries. The convergence and cooperation continue to be an important task.
Li Hui said that during the current visit to China, President Medvedev will hold separate meetings with senior Chinese leaders, establish good working relationships and personal friendship between the new leaders of China and Russia during the meeting, and ensure the Sino-Russian strategy. Collaborative partnerships continue to develop healthily and in-depth at high levels. At the same time, China has comprehensively summed up the achievements and experiences gained in the establishment of the Sino-Russian strategic partnership for 12 years and jointly determined the goals and directions for the next step in the development of Sino-Russian relations. On this basis, the political mutual trust between the two sides will be continuously enhanced, and they will continue to provide strong mutual support on major issues involving the sovereignty, security, territorial integrity, and development of the other country.
In a series of documents signed after the conclusion of the meeting, the two countries will issue a joint statement on the current international issues.
According to Jiang Yi, China and Russia have issued two joint declarations on world multipolarization and the then international order in 1997 and 2005 respectively. This will be the third joint statement.
Jiang Yi said that China and Russia have become two eye-catching new economies. In the face of the development of China and Russia, the Western world has adopted a continuous squeeze policy. This background also made it necessary for the two countries to issue a joint statement again.
At the same time, under the background of the current slowdown in world economic growth, the development direction and goals of the two new economies of China and Russia and their shared vision for the future development of the world economy are also issues of great concern to everyone.
New stage: Practical cooperation
There was also a large business delegation to visit with Medvedev. According to Morgulov, this business delegation will be composed of more than 40 well-known Russian entrepreneurs and will hold a meeting of the Russian-Chinese Business Council on May 23. The meeting was chaired by Zhukov, Deputy Prime Minister in charge of economic issues in Russia, and Wang Qishan, Vice Premier of China in charge of financial affairs. The scope of discussion includes the cooperation between the two countries in nuclear energy, forest development, finance, and local governments.
The spokesperson of the Russia-China Bilateral Entrepreneurs Council said in an interview with Russian media that at the meeting of the council, the entrepreneurs of the two countries will discuss further plans for the implementation of the economic agreement between the two countries and will hold negotiations on new projects. Signed a series of agreements.
The specific topics discussed will include the construction of residential houses in Sochi, Russia, where the upcoming Winter Olympics will be held, and the establishment of 28 industrial parks and the establishment of machinery manufacturing joint ventures in Russia.
During this visit, the energy cooperation between China and Russia will not have much progress. The names of the Russian oil company and the president of Gazprom once appeared on the visiting list were eventually deleted.
When the reporter asked the Russian gas company representative office in Beijing for confirmation, the reply was: "This visit does not necessarily require the president to attend the event."
Jiang Yi said that the development of Sino-Russian relations has already ended the stage of “running vigorously” and entered a stage of more pragmatic cooperation. The two countries are paying more attention to solving specific problems such as optimizing the trade structure and expanding mutual investment.

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