Russia is planning to export 10 more Tu-204-120-S planes,
powered with Rolls-Royce engines, to China, a Russian government
source said on Wednesday.
"We can do this under the contract to export five Tu-204-120-S
planes to China, signed in 2001, and the issue is likely to be
negotiated during Prime Minister Mikhail Fradkov's visit to China
beginning November 3," the source was quoted by Interfax news
agency as saying.
According to the source, all financial procedures of the deal to
export five planes to China have been done.
The first plane is expected to be delivered to China in
September 2006 and the second one in December, followed by the
third, fourth and fifth in 2007, the source said.
Russia is interested in using the contract to deliver 10 more
Tu-204-120-S airplanes with Rolls-Royce engines to China, the
source noted.
China to boost business cooperation with Russia
Chinese Vice Premier Wu Yi set
forth three proposals to further boost
Sino-Russian business cooperation, calling on business people
from both nations to seize the opportunity to expand
cooperation.
Wu said this while she was co-hosting a Sino-Russian business
seminar with her visiting Russian counterpart Alexander Zhukov on
Tuesday.
Wu suggested that Chinese and Russian businesses should further
increase their understanding of the laws and regulations of the two
countries.
Wu also proposed that the two countries boost trade in
mechanical and electrical products and enhance the quality of trade
cooperation.
"Chinese companies should further improve their product quality
with a higher standard of technological input and post-sale service
and increase investment and production," Wu added.
She also called on Russian businesses to promote the marketing
of their products and further integrate their businesses with the
Chinese market through trade, investment and technological
transfers in their respective fields.
Wu also said that in the spheres of nuclear power, space and
information, the two business communities should cement
coordination and further open the market to realize win-win
cooperation.
Wu cited China and Russia as the biggest neighboring nations to
each other, which have scored a rapid growth of the trade in recent
years, adding that two-way trade is expected to surpass US$28
billion this year.
"Nevertheless, China-Russia trade is not big enough considering
the economic power of the two countries and the two business
communities should endeavor to seize the chance to boost business
cooperation", Wu added.
Zhukov expressed his overall satisfaction with Russia-China
trade cooperation, saying Russia hopes to expand exports to China
and increase the export of items to lure more Chinese investment
into Russia.
Enterprises could increase cooperation in the fields of product
processing, energy, and new and high technology innovation, Zhukov
said.
He also expressed the hope that Russian and Chinese banks could
play an active role in offering relevant financial services, and
that Russian enterprises would make their products more competitive
in the Chinese market.
(Xinhua News Agency November 3, 2005)