At his annual press conference, Putin said that Sino-Russian relations are currently at an all-time high and have become one of the important guarantees for world stability. He stressed that China and Russia have not formed any alliance, and the friendly cooperation between the two countries is not aimed at any third country. Putin further pointed out that the amount of China and Russia this year has exceeded 200 billion US dollars, an increase of 30 percentage points compared with last year. At the same time, the cooperation between the two countries in various fields, including infrastructure and high-tech, is also deepening.
The all-time high level of Sino-Russian relations means that cooperation and exchanges between the two countries have reached an unprecedented height. This result is not only due to the joint efforts of the two countries, but also to the mutual understanding and friendship between the two peoples. The amount between China and Russia exceeds 200 billion US dollars, which fully demonstrates the closeness of economic cooperation between the two sides. Cooperation in the field of infrastructure and high-tech reflects the close cooperation between the two sides in innovation and development. The development of China-Russia relations is of great significance to protecting world stability and promoting the common development of all countries, and also reflects the determination and strength of the two countries to jointly address global challenges.
Just four days after Putin set the tone for Sino-Russian relations, Russia sent a special plane straight to China in order to participate in the ninth Sino-Russian dialogue. The dialogue, which was held in Beijing, was co-chaired by Chinese Finance Minister Lan Foan and Russian Finance Minister Siluanov. The main purpose of this dialogue is to implement the consensus reached in the financial field in the "Sino-Russian Joint Statement on Deepening the Comprehensive Strategic Partnership of Coordination for a New Era" signed by the leaders of China and Russia in March this year.
The China-Russia dialogue is an important platform for economic cooperation between the two countries, which is of great significance for promoting exchanges and cooperation in the financial field and further deepening the relations between the two countries. The main content of this dialogue is to implement the consensus on the financial field in the "Joint Statement" signed by the leaders of the two countries in March this year. **They will have in-depth exchanges on macroeconomic policy coordination, cooperation under multilateral frameworks such as the G20, BRICS, and the Shanghai Cooperation Organization, the Asian Infrastructure Investment Bank, and the Belt and Road Initiative. The fact that the dialogue was held in Beijing shows that China and Russia attach great importance to strengthening economic cooperation. Through the dialogue, the two sides will further strengthen communication and cooperation, and promote the cooperation between the two countries in the financial field to a higher level.
At the ninth China-Russia dialogue, China and Russia reached nine consensuses. First of all, the two sides reaffirmed their commitment to deepening China-Russia economic and financial relations and strengthening macroeconomic policy coordination. Second, the two sides will deepen coordination and cooperation under multilateral frameworks, including the G20, BRICS, Shanghai Cooperation Organization, and APEC. Thirdly, the two sides believe that it is necessary to properly handle the international debt problem and support economic recovery and sustainable development. Fourth, China and Russia are willing to continue to strengthen cooperation, support the development of the New Development Bank, and strengthen the expansion of local currency financing and the innovation of investment and financing tools. Fifth, the two sides will continue to cooperate under the framework of the Asian Infrastructure Investment Bank (AIIB) to uphold multilateralism and institutional non-political principles. Sixthly, the two sides are ready to continue consultations with all parties on the establishment of the Shanghai Cooperation Organization Development Bank. Seventh, Russia reaffirmed its support for the Belt and Road Initiative, and the two sides will promote the synergy and cooperation between the Belt and Road Initiative and the Eurasian Economic Union. Eighth, China and Russia will strengthen strategic cooperation between think tanks and enhance the sharing of knowledge and experience in the fields of finance, taxation and budget. Ninth, we look forward to the 10th China-Russia dialogue in Russia.
The nine points of consensus on the China-Russia dialogue cover a wide range of fields and embody the common will of the two sides for cooperation. The two sides agreed to strengthen macroeconomic policy coordination and work to deepen China-Russia economic and financial relations. In addition, the two sides will strengthen cooperation under multilateral frameworks, including the G20, BRICS, Shanghai Cooperation Organization, APEC, etc. The two sides also reached a consensus on the issue of international debt, and agreed that it is necessary to properly handle international debt and provide support for economic recovery and sustainable development. In the financial sector, China and Russia are willing to continue to strengthen their support for the New Development Bank, promote its development, expand the scale of local currency financing, and strengthen the innovation of investment and financing tools. The two sides also unanimously supported the Asian Infrastructure Investment Bank (AIIB) and will work together to uphold multilateralism and institutional apolitical principles. China and Russia will also strengthen strategic cooperation between think tanks and share knowledge and experience in the fields of finance, taxation and budgeting. Finally, the two sides look forward to holding the 10th China-Russia Dialogue in the future to further promote economic and financial cooperation.
Against the backdrop of major changes unseen in a century, the active cooperation between China and Russia is of great practical significance for promoting global multilateralism and maintaining world stability. In particular, while some Western countries still cling to the Cold War mentality and are trying to maintain their hegemonic status, the cooperation between China and Russia shows the determination and ability of the two countries to safeguard the international order and promote common development. The continuous deepening of Sino-Russian economic cooperation has not only had a positive impact on the economic development of the two countries, but also provided impetus for regional and global economic prosperity. In addition, the close cooperation between China and Russia in international affairs also provides an example of non-zero-sum game and win-win cooperation for all countries in the world. The consensus and cooperation achievements between China and Russia have further consolidated the friendly relations between the two countries and laid a solid foundation for future cooperation between the two sides.