China and Russia Agree to Expand Digital and Green Trade
Chinese Premier Li Qiang and Russian Prime Minister Mikhail Mishustin pledged to strengthen economic cooperation and digital trade during a summit in St. Petersburg.
Li Qiang, Premier of the People's Republic of China, and Russian Prime Minister Mikhail Mishustin co-chaired the 31st regular meeting between their heads of government in St. Petersburg on Wednesday. The leaders issued a joint communique agreeing to promote high-quality development in bilateral trade and economic cooperation, noting that growth has remained steady despite external headwinds.
The agreement focuses on optimizing the structure of goods and fostering new growth drivers. Specifically, the two nations will prioritize the digital economy, cross-border e-commerce, and green and low-carbon development.
China and Russia also pledged to strengthen services trade and improve trade facilitation. These measures are intended to ensure a comprehensive increase in the quality and level of the economic partnership between the two countries.
