China’s prime minister, Li Keqiang, during his latest trip to Europe also visited Moscow. The visit appeared successful and resulted in dozens of agreements signed between China and Russia. The two countries want to bring closer their co-operation within the following fields: energy, trade and finance.
China and Russia hope to reduce their dependence on the U.S. dollar and signed a currency swap agreement worth $25 billion.
Russian President Vladimir Putin praised growing economic ties with “natural ally” Beijing. “We are natural partners, natural allies, we are neighbors,” Putin told Li during talks at the Kremlin.
Ahead of Li’s Moscow visit, the China’s prime minister travelled to Germany for talks with Chancellor Angela Merkel.
Source: The Economist, Channel News Asia
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