Subscribe to our free daily newsletters
. Military Space News .

Subscribe to our free daily newsletters

China, Russia pledge deeper cooperation

by Staff Writers
Lima (AFP) Nov 23, 2008
Chinese President Hu Jintao and his Russian counterpart Dmitry Medvedev on Sunday pledged closer cooperation to face the world financial crisis, a Chinese spokesman said.

"Both leaders agreed the world political and economic situation is experiencing great change and that the two sides must strengthen cooperation to face the current economic troubles," Chinese foreign ministry spokesman Liu Jianchao told AFP.

Russian media reports on the meeting in the Peruvian capital quoted Hu saying the two must work together against "the most deep and serious changes since the Cold War."

Meeting on the sidelines of the Asia-Pacific Economic Cooperation forum, Medvedev told Hu the current world problems should not inhibit both sides from "discussing fully fledged cooperative, strategic relations in all their fullness," Russian media reported.

Russia and China, once bitter Cold War foes, have been developing increasingly close relations, seen by many as a potential check on US power.

Trade ties, particularly in the energy sector, have grown rapidly in recent years.

Hu called for even closer cooperation in the finance and energy spheres as a potential buffer against the global crisis, Liu said.

"The two sides need to work together to be able to reduce the risks from the financial crisis and safeguard economic growth," Liu quoted Hu as telling Medvedev.

"At the same time they agreed to push forward reform of the world financial system."

During their 45-minute meeting, the two leaders also pledged to pursue a six-nation effort, chaired by China, to denuclearize North Korea, Liu said.

The process has snagged on questions over how North Korea will carry out the scrapping of its nuclear programs and how that will be verified.

Russian media last week quoted the country's energy minister as saying Moscow and Beijing would resume talks about oil shipments via a new pipeline next week, after they were reportedly halted over a financial dispute.

The talks on a 25-billion-dollar (20-billion-euro) loan package from China to Russian state pipeline monopoly Transneft and oil company Rosneft had been suspended due to "absurd" Chinese conditions for the loan package, Russian media had quoted a source as saying.

The loan was to be offered in exchange for oil deliveries through a pipeline to be built in Siberia.

Share This Article With Planet Earth DiggDigg RedditReddit
YahooMyWebYahooMyWeb GoogleGoogle FacebookFacebook

Related Links
Learn about the Superpowers of the 21st Century at
Learn about nuclear weapons doctrine and defense at

Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News

China angrily dismisses US congressional report
Beijing (AFP) Nov 22, 2008
China reacted angrily Saturday to a US congressional report that accused Beijing of developing sophisticated cyber warfare and militarising its space programme.

  • China angrily dismisses US congressional report
  • China, Russia pledge deeper cooperation
  • US Remains Key Security And Economic Partner In East Asia
  • Cooperation is essential for security in Europe: Lavrov

  • Syria dismisses nuclear allegations
  • Solana 'worried' by Iran's lack of cooperation on nuclear issue
  • Use of nuclear weapons more likely in future: US intelligence
  • Pakistan president says supports no-first-use nuclear policy

  • Army Developed Missile System Aids In Protecting New Class Of Navy Ship
  • Spanish Army Conducts Successful NASAMS Live-Fire Exercise
  • Russia To Equip Five Brigades With Iskander Missile Systems By 2015
  • US denounces Iran missile test

  • US to activate anti-missile radar in Israel next month
  • Raytheon's JLENS Conducts Successful Design Reviews
  • Lavrov, Rice discuss missile defence: Moscow
  • Japan says US missile defence test fails

  • Two China airlines to get govt aid: state media
  • China's air show saw four bln dollars in deals: report
  • China plane-makers take first steps to rival global giants
  • Aviation giants look to China amid global turbulence

  • Russian Military Considers Buying Aerial Drones From Israel
  • Major Al-Qaeda operative killed in US drone strike: Pakistan security
  • German Forces Test Stabilized Camera System For Mini-UAV
  • Honeywell Wins First Production Contract For T-Hawk Micro Air Vehicle

  • Vote on US-Iraq pact set for Wednesday after stormy debate
  • Dismantling US military presence in Iraq looms as big task
  • Security firms told they lose immunity in Iraq: official
  • Iraqi ministers warn against rejecting US military pact

  • Arnold Engineers Test Army Weapon To Evaluate Its Capability
  • LM F-35 Lightning II Flies Supersonic
  • Safer, More Reliable Electroshock Weapons
  • LockMart Receives Contract For Paveway II Laser Guided Bomb Kits

  • The content herein, unless otherwise known to be public domain, are Copyright 1995-2007 - SpaceDaily.AFP and UPI Wire Stories are copyright Agence France-Presse and United Press International. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by SpaceDaily on any Web page published or hosted by SpaceDaily. Privacy Statement