(AsiaNews) - Chinese President Hu Jintao met Vladimir Putin today. The Russian leader
is on his first visit to China since his re-election as president of Russia. The
visit is set to last until 7 June and is part of the 12th summit of the
Shanghai Cooperation Organisation (SCO) scheduled for tomorrow and Thursday.
Russian leader is taking to Beijing six cabinet ministers, the head of gas
giant Gazprom and other energy companies. Some 17 major business and trade
deals between Russia and China are expected to be signed in Beijing. Bilateral trade
is expected to reach US$ 100 billion in 2015 and US$ 200 billion by 2020
international media, the Syrian crisis was probably a major issue in talks
between Putin and Hu. Although both Moscow and Beijing oppose any foreign
military intervention in the Mideast country, the meeting has even greater
geopolitical relevance. Closer economic ties between China and Russia would
create an alliance between a fast-growing energy-hungry country and an
an editorial Xinhua stressed that
such an alliance would make "the Eurasia region one of the most dynamic parts
in the world."
Shanghai Cooperation Organisation (SCO) is one way of doing that. Established in
2001 to increase security and counter terrorism (especially Islamic), it
originally had six members, namely China, Russia and four former Soviet
republics (Kazakhstan, Tajikistan, Uzbekistan and Kyrgyzstan). But rapidly, the
organisation took on an economic function.
present, India, Iran, Mongolia and Pakistan have observer status within SCO
whilst Belarus and Sri Lanka are partners. Tomorrow's meeting will see
Afghanistan and Turkey join as observer and partner respectively.
summit will also push for a regional bank and a transnational transportation
Xinhua, SCO is becoming an
increasingly "influential regional grouping" with security and economic
cooperation as its "two wheels".
ties between China and Russia would also give SCO greater influence in possible
reforms to the international monetary and financial systems.