China-Russia cooperation fosters prosperous Asia Pacific

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China-Russia trade and economic cooperation was a pillar of Asia-Pacific regional cooperation. The two partners took the growth of each other as crucial opportunities and bilateral¹ cooperation as one of their main priorities, Li said in an article written ahead of the APEC annual meetings in Russia's Far Eastern city of Vladivostok.

In 2011, trade volume between China and Russia reached 83.2 billion U.S. dollars. "Bilateral trade growth maintains good momentum² this year and will reach the goal of 100 billion dollars in 2015 and 200 billion dollars in 2020," he said.

Meanwhile, mutual³ investment enjoyed steady growth and cooperation in the energy, high-tech⁴ and financial sectors⁵ were strengthened in recent years, Li said.

Regional and cross-border cooperation between China's northeast region and Russia's Far East and Eastern Siberia regions also "injected new impetus⁶" into bilateral ties, the diplomat⁷ said.

According to Li, closer economic ties between China and Russia not only benefit the two peoples and the two countries, but also contribute to the common growth and prosperity of the entire region.

During the upcoming Economic Leaders' Meeting of the Asia-Pacific Economic Cooperation (APEC) forum⁸ this week, Russian President Vladimir Putin would meet his Chinese counterpart, Hu Jintao, on further deepening the two countries' comprehensive strategic partnership⁹ of coordination¹⁰, Li said.

Leaders of the APEC economies would also take this chance to share their visions on the region's future growth, he said.

The Chinese ambassador highly praised the APEC dialogue forum, calling it "a facilitator of trade and investment liberalization, economic integration¹¹, technological¹² cooperation and common growth in the region."

The ongoing¹³ economic globalization and the interwoven world economy had pushed for reforms of global governance, Li said, adding joint¹⁴ efforts were required to tackle the common challenges of financial volatility¹⁵, an uncertain recovery, energy security, climate change and natural disasters.

Bearing in mind such challenges, Li said he welcomed the Vladivostok summit, which would help promote collaborative efforts among member economies to get through the hard times.

The forum would also serve to improve peaceful growth, prosperity and harmony of the region, he said.

Li said China had participated in all APEC leaders' meetings in the past and hosted several top-level gatherings¹⁷. It also set up a joint fund with the forum to provide financial support for technological cooperation in the region.

With constant efforts to facilitate regional integration and social development by fulfilling previous APEC agreements, China had won the recognition of other member economies with its strong commitment.

As another important member of the regional bloc¹⁸, Russia had made great efforts to strengthen ties with APEC partners and promote regional integration.

As a new host of the gathering¹⁶, the Russian government was "fully¹⁹ prepared" for the meetings, said the ambassador, adding that China spared no effort to assist Russia in hosting the summit in a bid to deepen bilateral ties.

China would also like to join with Russia and other APEC economies to further upgrade supply chains, strengthen food security and facilitate regional integration.

All these efforts would lead to common prosperity of the Asia-Pacific and balanced, sustainable and innovative²⁰ growth of the world economy, Li said.

China wished the summit a success and believed the meetings "will bring Russia new opportunities and dynamics²¹ to strengthen cooperation with other APEC economies," he said.

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