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China is planning to invest $12 billion in Russia by 2020, Chinese State Council Premier Wen Jiabao announced at a Friday meeting with Russian President Vladimir Putin, China Daily reported on Saturday.
China and Russia "should open their markets wider to each other, increase trade volume and improve the current trade structure," Wen said at the meeting.
The two countries "should regulate trade through the early warning and consultation mechanisms on sensitive products" and carefully handle bilateral trade problems, he said.
Talking about investment in Russia, the Chinese premier said his country "is willing to increase investment in Russia on the construction of infrastructure facilities, exploitation of oil and gas and high technology co-operation." [RU CN EUROPE ASIA EEU EMRG TRD DIP POL] va tl
BEIJING. Oct 16 (Interfax-China)
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