Forex

China, Russia agree to deepen all-round cooperation under strategic partnership


2025-11-04 00:56:00

Chinese Premier Li Qiang told visiting Russian Prime Minister Mikhail Mishustin on Monday that China stands ready to work with Russia to deepen cooperation across all fields and protect their shared development and security interests. The announcement came as the two leaders co-chaired the 30th regular meeting of Chinese and Russian heads of government in Hangzhou, eastern China.

Li said China is willing to strengthen strategic communications, align development strategies and broaden cooperation in trade, energy, technology and people-to-people exchanges. He emphasized that the countries’ “comprehensive strategic partnership of coordination for a new era” is at a historic high.

Mishustin noted Russia’s readiness to expand joint efforts with China in investment, transportation, digital economy and cultural cooperation, saying bilateral ties had reached the highest level of trust and coordination.

The meeting produced a joint communiqué and the signing of cooperation agreements covering areas such as customs services and satellite navigation, underscoring the two countries’ intent to formalize and systematize their strategic alignment.

The renewed China-Russia commitment signals further alignment outside Western-led economic systems, which may deepen regional trade linkages and increase strategic flows in energy, tech and infrastructure. Investors should monitor implications for Eurasian investment corridors and geopolitical trade risk.

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