Russian and Chinese leaders praise bilateral relations.
According to RIA Novosti, during a meeting with Chinese President Xi Jinping in Kazan on the sidelines of the BRICS summit on October 22, Russian President Vladimir Putin stated that economic relations between Russia and China are developing despite external circumstances.
“Following record bilateral trade figures in 2023, Russia and China, despite negative external influences, maintained economic growth momentum and economic interaction between January and August 2024. According to our data, trade turnover increased by 4.5%. There are slight differences in the statistics from the Chinese side, but overall the positive trend continues,” President Putin stated.
The Russian leader noted that the two countries are successfully implementing joint projects in the fields of energy, industry, high technology, transportation, agriculture, and many other areas.
Russian President Putin emphasized that cooperation between Moscow and Beijing is based on equality and is not opportunistic. According to Putin, this is a model in the modern world.
On the Chinese side, President Xi Jinping noted that serious changes in the international arena cannot shake the relationship between Russia and China.
"We have been on the right track in building relations between major powers on the principles of non-alignment, non-confrontation, and not being directed against third parties. In this new era, you and I are paying more attention to Sino-Russian relations and other issues," President Xi Jinping said.
The Chinese leader pointed out that relations between the two countries have achieved unprecedented progress over the past 10 years, overcoming the challenges of the international context.
President Putin noted that cooperation between Russia and China is one of the main stabilizing factors in the world; the countries are strengthening coordination in the field of global security and a just world order.
In 2024, Russia and China celebrated the 75th anniversary of the establishment of diplomatic relations. In 2023, trade volume reached a record $227.8 billion. According to negotiation documents, bilateral trade is expected to continue growing in 2024.
