Putin: Russia-China ties significant, bilateral cooperation promising
CGTN
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Photo: CGTN

The development of the comprehensive strategic partnership between Russia and China is at its highest level in history thanks to joint efforts and the support of Chinese President Xi Jinping, Russian President Vladimir Putin said on Friday in St. Petersburg.

Putin noted that the 19th National Congress of the Communist Party of China, which was held last October, created a stable environment to deepen Russia-China ties, adding that the development of bilateral relations has become more stable.

Putin said that with China's active efforts to push forward denuclearization of the Korean Peninsula and its vital role in resolving related issues, the situation on the peninsula has improved noticeably.

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Russia's President Vladimir Putin attends the 2018 St Petersburg International Economic Forum in St Petersburg, Russia, May 25, 2018. (Photo: VCG)

Noting that Russia increased engineering exports to the Chinese market last year, Putin hailed the diversification and improvement in the trade structure as "encouraging."

Putin also predicted the economic joint action between Russia and China on not only a medium-term, but also a more distant historical perspective.

China is a reliable partner in the work to develop the two's economies, Putin said, mentioning aircraft building, agriculture, engineering projects and space industry developments that the two can carry out cooperation in the near future.

"All this progress shows our relations enjoy very good prospects," said Putin, adding that Russia will work closely with China to push forward bilateral ties.