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Gist of Putin's exclusive interview with Xinhua

Xinhua, June 23, 2016 Adjust font size:

Russian President Vladimir Putin gave an exclusive interview to Xinhua President Cai Mingzhao ahead of his Saturday state visit to China.

The following is a gist of the hour-long one-on-one session, which was conducted on June 17.

-- Mutual trust between Russia and China has reached an unprecedented level and laid a solid foundation for bilateral cooperation.

-- Work between Chinese President Xi Jinping and Putin serves as an engine for the development of bilateral relations.

-- Xi himself values a lot the development of Russia-China relations. He is a very good friend and reliable partner.

-- The decline in the trade value of Russia-China trade is merely a temporary downtick resulting from the current market prices of certain commodities and differences in exchange rates.

-- The most important task in Russia-China trade is diversification, particularly boosting bilateral cooperation in high-tech areas.

-- The Moscow-Kazan high-speed railway project is probably just the beginning of massive cooperation between Russia and China on infrastructure construction.

-- The Belt and Road Initiative proposed by Xi is well-timed and appealing and holds great potential.

-- All five members of the Eurasian Economic Union (EEU) support developing cooperation with China within the framework of the Silk Road Economic Belt initiative.

-- The EEU and China should set up a free trade area in the first stage of cooperation.

-- The Shanghai Cooperation Organization (SCO) has become a popular and attractive organization in the region, with many countries around the world eager to join.

-- The expansion of the SCO's functions and the increase in its member numbers have made it an authoritative and popular organization not only in the region but also in the world at large.

-- The SCO has evolved into a platform for its members to carry out cooperation in multiple areas.

-- Coordination between Russia and China is itself a stabilizing factor in international affairs.

-- Xi is one of only a few national leaders who are dedicated to international poverty reduction.

-- Russia and China see each other as close allies who always listen to each other and heed each other's interests. Endi