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Putin: no doubt Russia-China trade will reach $100 billion in 2015

Russian President Vladimir Putin said on Tuesday he has no doubt that Russia-China trade will reach $100 billion in 2015.

"It is obvious next year we'll reach $100 that we have agreed on with our friend, Chinese President Xi Jinping," Putin said at a meeting with Chinese Prime Minister Li Keqiang.

Despite the global economic decline, last year trade turnover between Russia and China increased by 1.6% and in the first six months of this year it grew by 4.5%, Putin said.

The efforts by the governments of both countries and the concrete economic work allowed the parties to achieve progress, he said.

China's investments in the Russian economy increased by 15% in 2013, Putin said, adding China was one of the leading countries in the volume of investments.

Putin said he knows about the success of talks between Russian Prime Minister Dmitry Medvedev and the Chinese counterpart.

Thirty-eight agreements have been signed. "It's not the number but it's that they really promote cooperation," he said pointing to cooperation in different fields, including in the energy sector.

[Source: Itar Tass, Moscow, 14Oct14]

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