Thursday, March 21, 2013

XI Jinping gears up for Russia visit

Xi JinpingChinese trade with Russia and Africa is on the rise

XI Jinping is heading to Russia on the first stop of his first overseas tour as president of China.

Mr Xi is set to Russian President Vladimir Putin, meet the two can discuss energy and investment deals.

Speaking before the visit, Mr Xi said the two countries were "most important strategic partners," which spoke of a "common language".

He will also visit the Republic of Congo, Tanzania and South Africa on his trip, which continues until 30 March.

In South Africa, he will attend the fifth Summit of the Brics of 26-27 March. BRICS Brazil, Russia, India, China stands for South Africa-and five key emerging economies.

The choice of Moscow as Mr Xi first destination is seen as symbolic, and a shift by China against the spindle from the us to Asia, correspondents say.

Bilateral trade is thriving, reaching a record $ 88bn (£ 58bn) last year.

At a press conference, Mr Xi Russia China's "friendly neighbor", and said that the fact that he was visiting as soon after the Presidency was "a testimony to the great importance that China attaches to its relations with Russia."

"Relations between China and Russia a new phase in which the two major developing countries opportunities to offer each other," he said.

China is also Africa's largest trading partner, surpassing the United States and its traditional European partners.

"China-Africa cooperation is extensive," said Mr. Xi. "It has contributed to the international reputation of Africa 's."

XI Jinping was confirmed as China's president last week, the closure of a long transitional process that saw him the Communist Party leadership in November 2012.

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