Meeting of Chinese and Russian presidents in Cannes

Chinese President Hu Jintao met Russian President Dmitri Medvedev Thursday in Cannes to discuss the future development of the strategic partnership of cooperation between China and Russia and to exchange views on major global and regional issues of common interest.

The meeting between the two leaders took place on the sidelines of the summit of the Group of 20 (G20), being held this Thursday and Friday to address issues affecting the global economic recovery and stability of international financial markets.

The strategic partnership of cooperation between China and Russia has experienced an unprecedented development since the signing in 2001 of the Sino-Russian Treaty of Good-neighborliness, friendship and cooperation.

Last June, President Hu paid a state visit to Russia, during which he agreed with his counterpart Medvedev to develop over the next decade, a global strategic partnership of cooperation based on equality, mutual trust, mutual support, common prosperity and friendship. They also decided to increase bilateral trade to $100 billion by 2015 and $200 billion by 2020.