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.China, Russia Discuss Economic Ties, Preparations for PM Meeting.
 
Chinese State Councilor Wu Yi and Russian Deputy Prime Minister Ilya
Klebanov on Wednesday discussed bilateral economic ties and the preparations
for the 6th regular meeting of the two countries' premiers.
Wu, also Chinese Chairperson of the Joint Commission for the Regular
Meetings of Heads of Government of China and Russia, and Klebanov, the
Russian chairman of the intergovernmental commission, embraced a broad range
of bilateral trade and economic issues, including prospects to build an oil
pipeline linking China and Russia.
The plan on constructing the oil pipeline was specifically discussed. The
two sides also discussed cooperation in aviation, coordination of their
positions on China's plans to purchase Russian civilian aircraft.
Both sides agreed that China and Russia made a breakthrough in trade last
year when turnover reached 8 billion dollars. The two sides vowed to boost
their annual trade turnover to 10 billion U.S. dollars.
The upcoming 6th regular meeting of the two countries' premiers also topped
Wu-Klebanov talks. The parties reviewed the agenda of the upcoming talks
between Chinese Premier Zhu Rongji and Russian Prime Minister Mikhail
Kasyanov, scheduled for Saturday in St. Petersburg.

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