Just as I expected. China will make and export boondoggles and wigdets
to Russia, and buy Russian oil with the money earned from these
exports. In the meantime they will say ***** AMERICA, probably after
some kind of future geopolitical clash (most likely over North Korea)
and stop sending exports to the US and financing its trade deficit,
causing the US economy to break down.
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Russia, China Seek to Double Trade and Deepen Oil Ties
Created: 16.03.2006 15:13 MSK (GMT +3), Updated: 15:13 MSK, 19 hours 9
minutes ago
MosNews
Russia and China aim to more than double bilateral trade by 2010,
officials from both countries said on Thursday, March 16, ahead of
President Putin's trip to China. Putin's visit will focus on
deepening energy cooperation.
Trade between the giant neighbors, who share a 4,300-kilometer
(2,700-mile) border, reached nearly $30 billion in 2005, up by more
than one-third from the previous year, due in part to soaring global
oil prices. "Compared with China's trade volume with other
countries it may not be a very big figure, but what matters most is the
momentum of rapid growth," Sergei Razov, Russia's ambassador to
China, was quoted by Reuters as telling a press conference.
The two countries want to raise bilateral trade volume to $60-$80
billion by 2010, he said.
Ties between Beijing and Moscow have been growing closer, fuelled in
part by China's efforts to tap into Russian energy resources to feed
its booming economy, which is growing at rates of more than 9 percent
annually.
In 2006 Russia plans to ship 15 million tons of crude oil to China via
railway in 2006 and is studying the possibility of exporting natural
gas, Razov said, adding that energy cooperation was of "key
significance". But he gave no hint as to whether a planned crude oil
pipeline from Siberia to the Pacific Rim would feed China. The route
chosen by Russia in 2004 was seen as a victory for rival Japan, but
builder Transneft is also considering a 600,000 barrel per day
"spur" line to China.
"I think we will all agree that for a big project like this, it
requires a full and thorough survey," Razov said. "During President
Putin's visit, the two sides will continue discussions on this
matter."
Putin will visit March 21-22 and hold talks with President Hu Jintao.
In unusually frank comments, an official with China's top economic
planning body expressed frustration with the pace of the negotiations
on both the pipeline and proposed exports of natural gas from Russia.
"There has been a lot of communication, but there has been little
actual progress," Zhang Guobao, vice-minister of the National
Development and Reform Commission, told Russia's Interfax news agency
in an interview.
If the pipeline eventually feeds Japanese markets rather than Chinese
ones, it could compound disputes between Beijing and Tokyo over energy
resources. The two countries are the world's second- and
third-largest consumers of crude oil and are already at odds over how
to develop oil and gas resources in disputed parts of the East China
Sea.
Razov said the proportion of value-added products shipped to China
should also be increased, and the two should cooperate in production
and investment. "Particular efforts need to be made in beefing up
cooperation in the processing of timber, aquaculture, natural gas, and
in the sectors of services and tourism," he said.
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