Russia-China Relations Favor Global Stability: Putin
President Vladimir Putin in St. Petersburg, Russia, June 5, 2024. Photo: Xinhua.
June 6, 2024 Hour: 4:15 pm
Western attempts to slow down the Chinese economy are wrong, the Russian president pointed out.
On Wednesday, during a media event organized by on the sidelines of the 2024 St. Petersburg International Economic Forum (SPIEF), President Vladimir Putin said that the development of Russia-China relations is conducive to world stability.
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“The development of Russia-China relations is not a short-term behavior, but is based on profound common interests, and the bilateral relations rely on prudent decision-making and accumulated joint efforts,” he stressed, noting that China has been Russia’s main economic and trade partner for the past 15 years. Bilateral trade has exceeded expectations, reaching US$240 billion in 2023.
Meanwhile, Russia-China economic and trade cooperation is increasingly diversified, in addition to the energy field, and the two sides also have broad prospects for cooperation in high-tech fields such as aircraft manufacturing and artificial intelligence.
The Russian president underlined that bilateral cooperation is beyond the fields of economic and trade, military and technical and the international arena. Cooperation between the two countries on the international stage has been an important factor in maintaining world stability.
This year is the Russia-China Year of Culture, Putin said, adding that cultural exchanges lay the foundation and create a good environment for the development of bilateral relations and cooperation in various fields, which is no less important than other fields.
The Russian president also refuted Western claims that China’s economy is not market-oriented, stressing that the attempts of the West to slow down China’s economic development are wrong.
“If Western countries want to succeed, they need to integrate into China’s economic development process, not interfere in China’s economic development,” he said, adding that the U.S. allegation of China’s overcapacity in electric vehicles is “some kind of nonsense” and an attempt to limit growth by non-market means.
“Don’t they know who determines whether there is overproduction or not? … If China produces a certain number of cars, and the market absorbs it all, takes it away, then what kind of overproduction are we talking about?,” Putin asked.
Source: Xinhua
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