Putin: Russia-China trade turnover to reach $100 billion in 2015

Russian President Vladimir Putin has said he is confident that Russia-China trade turnover will reach $100 billion next year and pointed to the improving structure of bilateral trade.

Russian President Vladimir Putin has said he is confident that Russia-China trade turnover will reach $100 billion next year and pointed to the improving structure of bilateral trade.

"We have mapped out the prospects together with our friend, Chinese President Mr. Xi Jinping - a trade turnover of $100 billion - will definitely be reached next year," Putin told Chinese State Council Premier Li Keqiang on Tuesday.

"A growth of the trade turnover and an improvement of its structure" result from energetic efforts towards the fulfillment of earlier accords, Putin said.

"We are natural partners, natural allies, we are neighbors and we have set large-scale and absolutely realistic tasks, which will definitely be good for our people, the citizens of China and Russia," Putin said.

China is a leader in terms of capital investment in the Russian economy; it ranks fourth, after Cyprus, Luxembourg and the Netherlands, he said.

'These are countries with favorable tax regimes and, obviously, [their investment is] a return of our own capitals. In fact, China is No. 1, and last year witnessed a 15 percent growth," Putin said.

The Russian president used the occasion to convey his greetings to the Chinese president.

"I hope to meet him soon in Beijing at the APEC events," Putin said.

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