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Putin visits China: $5.5bln in deals expected

Published: 13 October, 2009, 12:22
Edited: 13 October, 2009, 18:01


Vladimir Putin (R) with Chinese Premier Wen Jiabao (AFP Photo / Pool / Kota Kyogoku)

Prime Minister Vladimir Putin is leading a high-powered delegation to China which is sealing deals worth more than $5 billion in energy, infrastructure and telecoms.

 
6 COMMENTS
Count Cash October 12, 2009, 13:59 quote
+1

Excellent news, I hope we continue to focus on our other BRIC colleagues and the rest of the world too. We are looking to diversify our economy, we should also make sure we diversify our markets and investments too. I wish RT would also help with this trend a bit more, by running far more non European and US political and economic stories with more stories featured from the rest of the world. As they say, there is a whole wide world out there. RT would do a service to present a balanced portfolio of all the business and political areas of the world. I would like to see something like a 'Russian world in focus' Continually showing our overall engagement politically and economically with the whole world, rather than the tunneled US/EU linked reporting. Our US trade is small, and our trade in the EU is generally focused in hydrocarbons. Any traction for our key strategic areas of investments and growth are most likely to be the rest of the world, so let's represent it more, rather than seeing everything through US/EU glasses.

Bogdanov October 12, 2009, 16:01 quote
0

"... Russian business leaders form the delegation, hoping to win a bigger slice of one of the world’s largest markets". Win with what? What current Russia has (talking about technologies) what China doesn't? Or what products or technologies (the aerospace and military are exceptions) Russia is going to provide to China to compete with, say, Japan, Germany, or United States? Or even with Chinese businesses? Smart Chinese leaders are not focusing much on the military anyway and not willing, at least for now, to go in conflicts with their neighbors. The world domination using military force was never their goal either. So, military technologies would be, probably, out of picture. Actually, this is "good news" for Russia. There are certainly couple of things which Russia has and what Chinese would be very interested in. Energy resources and land. But, for that Russians don't have to sentda delegation to China. Chinese will come themselves. And will do it more than willingly. What Russian government should do instead (and do it as fast as possible) -- to create an open business zone in the Eastern Siberia and Russian Far East to attract as many as possible Russian businesses and those from the other parts of the world -- Europe, America (North and South), Africa, India. To compensate, at least partially, that complete Chinese supremacy and domination which is expected in those areas in some near future.

Patriot October 12, 2009, 20:56 quote
+1

Close co-operation between the Russian Federation and the People's Republic of China is vital for a multipolar world. I also agree wth "Count Cash" that RT needs to develop a more balanced cover of the socio-economic stories from the rest of the world. RT needs to show the potential of China, India but also Brazil and other Latin American countries with more coverage from these countries. A multipolar world should not only be about economic development but a concerted effort of mutual understanding between cultures so the coverage must include films, theatre, fine arts exhibitions, festivals, music to name just a few examples where RT and other Russian mass media organisations could assist in this extremely important task.

jon October 12, 2009, 21:28 quote
+1

This is a wise move by both P. M. Putin and the Chinese leadership. It is hoped that they can delay the coming bust of the Chinese bubble. The world does not need a worldwide depreciation. Actions speak louder than words.

Bianca October 13, 2009, 04:27 quote
+1

Bogdanov, "... Russian business leaders form the delegation, hoping to win a bigger slice of one of the world’s largest markets". Win with what? " Russia has vast resources, other then energy resources. Russia needs direct investments in a whole host of areas, and China is the country looking for places to invest their earnings, so as to avoid further accumulation of dollars. Russia is also looking for ways to diversify out of dollars in energy trade, and the recycling of Chinese export-dollars through direct investments can provide the means for sustaining Russia's problematic dollar-dependent import sector. China is looking for all forms of opportunities, and Russia is not an exception. As the rationale for focusing on exports is shifting, China will refocus on "real" investments, such as production and resources, while increasing domestic consumption. I agree that Russia needs to solve its West-centric development model. I agree fully that immigration is the key, provided that Russia rethinks its development strategy, and combines the resources that are now spent separately on upgrading everything from cities, universities, and industrial capacities --- to medicine and military. There a great push for investment in technologies, but no push for using the technologies in a practical manner to speed up the development of East-West corridors for immigration to make sense. As of now, where would the immigrants go? The development strategy that is left to itself does not work. In China, last year every month one new city for over 100,000 was built. Those are planned and focused developments that go hand in hand with the economic policy and the investments both by state sector and private -- both domestic and foreign investment. But most often, investors are brought to facilities already built, of various sizes, to suit various production needs. Together with infrastructure, transportation, and landscaping!

Bogdanov October 13, 2009, 16:10 quote
-1

Bianca, you know that I am your big fan and supporter. I would say -- unconditional supporter. Because, as long as I know you, you never failed to provide rational and balanced views on any topic and event. At least, from my perspective. Therefore everything you say -- I take of faith. :-) And, of course (not surprisingly), here, you are right again. Assuming, that I understood you correctly. Basically, you agree with me, that even though for Russia the cooperation with China is certainly would be helpful as well, but, considering the current situation -- it is more about China's benefits than Russia's. The biggest problem today, as I see it -- Russia and China have different cultures which cannot be intermixed. At least, in the near future. Therefore, if China moves in (even business-wise) to the Russian territory, we are talking about not about mixing, but replacing one culture by another. Basically, replacing Russian population by Chinese. Which I would not be considered it as a problem per se -- it would be totally OK to have the Chineese national district inside of Russia. The problem, may arise from the proximity of China and in case of any territorial conflicts between two countries. That might be very nasty thing. Again, because, of two "alien" cultures. I think, that American culture and mentality is much closer to the Russian's. Therefore, if the US would be instead of China, I would be voting by my both hands for very very close cooperation. May be even opening the borders between them. But, unfortunately, these two stupid nations (the USA and Russia) still cannot understand that they need each other and they are the brothers who should be reunited in their home again.

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