Business / Economy

China-Russia expo highlights high-tech exchanges

(Xinhua) Updated: 2014-07-01 17:26

HARBIN - Bilateral cooperation and exchanges in high technology and related industries have been the focus during the ongoing China-Russia Exposition in Harbin, capital of Northeast China's Heilongjiang province.

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On the sidelines of the event, the two countries' governments have signed a memorandum of understanding agreeing to cooperate in satellite navigation and promote the integration of China's Beidou Navigation Satellite System and Russia's Global Navigation Satellite System.

Chinese Vice-Premier Wang Yang said he hopes the two countries will take this opportunity to establish a working mechanism, make clear the cooperation direction, select good cooperative programs and create working plans, to make cooperation a new highlight of the comprehensive strategic partnership between China and Russia.

Ran Chengqi, director of the China Satellite Navigation Office, said the two countries plan to build monitoring stations in each other's territory, which will promote the integration of the two satellite navigation systems and improve the performance of the two systems.

"Our cooperation in the field of satellite navigation never targets a third party," he said, adding that the integration of multiple satellite navigation systems must be the trend ahead internationally.

Russian Deputy Prime Minister Dmitry Rogozin said the two systems can complement each other and that Russia is also looking forward to cooperating with China in other aerospace fields such as the exploration of the Moon and Mars.

China and Russia have been increasing cooperation and exchanges in science and technology.

In a joint statement signed by Chinese President Xi Jinping and Russian President Vladimir Putin on May 20 during the fourth summit of the Conference on Interaction and Confidence Building Measures in Asia in Shanghai, the two countries vowed to improve the efficiency of their cooperation in the field of high and new technology and deepen their scientific exchanges.

Exploring Chinese market

Booths showcasing the products and technology of high-tech companies have become a highlight in the exhibition hall of the first China-Russia Exposition, which is scheduled to last from Monday to Friday.

Denis Shatunov is deputy director of the technical development department of Russia's Rostec RT-Chemcomposite company. He has been looking for potential Chinese buyers of his firm's special glass products used in trains and aircrafts.

"This is our first time at an exposition in China," he said. "Our products have mainly been exported to the European Union. We have not entered the Chinese market yet."

He said the company is looking forward to cooperating with Chinese enterprises in terms of both technology and products.

"Relations between China and Russia are becoming better and better, and I believe that the Chinese market has potential for us," he said.

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