Russia and China to strengthen trade ties

CNN ^ | June 6, 2012 | Kathrin Hille and Jamil Anderlini

[MinorityRepublican]

The presidents of Russia and China laid out ambitious plans on Tuesday to tie their countries into a closer strategic and economic partnership as both Beijing and Moscow seek to use each other to balance their relationship with the US.

The two presidents set a goal of more than doubling bilateral trade from $83.5bn last year to $200bn in 2020, Hu Jintao, China's president, said after talks with Vladimir Putin, the Russian president.

The ambitious target was announced together with a slew of investment and trading deals. It was held up by the two leaders as a sign of new heights for the relationship between two powers to be reckoned with on issues ranging from global trade to the international response to Syria.

Mr Hu said that through closer co-operation China and Russia would "set the global political and economic order in a more fair and rational direction".

[RayChuang88]

Russia needs China's help--especially financial--to develop the resources--including a potentially HUGE amount of crude oil--in eastern Siberia. The result is beneficial to both, since Russia will earn a lot of money from selling oil to China, and China won't need the enormous expense to shipping oil from the Middle East and Western Hemisphere since they could build overland pipelines from oilfields in eastern Siberia back to Chinese soil.

[moonshot925]

China copies everything from Russia.

The J-2 is a copy of the Mig-15

The J-5 is a copy of the Mig-17

The J-6 is a copy of the Mig-19

The J-7 is a copy of the Mig-21

The J-11 is a copy of the Su-27

The J-15 is a copy of the Su-33

The Chinese aircraft carrier Shi Lang is a Soviet Admiral Kuznetsov class aircraft carrier

[indthkr]

totalitarian love-in bump for later........