A socially oriented non-financial development institution and a major organizer of nationwide and international conventions; exhibitions; and business, public, youth, sporting, and cultural events.

The Roscongress Foundation is a socially oriented non-financial development institution and a major organizer of nationwide and international conventions; exhibitions; and business, public, youth, sporting, and cultural events. It was established in pursuance of a decision by the President of the Russian Federation.

The Foundation was established in 2007 with the aim of facilitating the development of Russia’s economic potential, promoting its national interests, and strengthening the country’s image. One of the roles of the Foundation is to comprehensively evaluate, analyse, and cover issues on the Russian and global economic agendas. It also offers administrative services, provides promotional support for business projects and attracting investment, helps foster social entrepreneurship and charitable initiatives.

Each year, the Foundation’s events draw participants from 208 countries and territories, with more than 15,000 media representatives working on-site at Roscongress’ various venues. The Foundation benefits from analytical and professional expertise provided by 5,000 people working in Russia and abroad.

The Foundation works alongside various UN departments and other international organizations, and is building multi-format cooperation with 173 economic partners, including industrialists’ and entrepreneurs’ unions, financial, trade, and business associations from 78 countries worldwide, and 188 Russian public organizations, federal and legislative agencies, and federal subjects.

The Roscongress Foundation has Telegram channels in Russian t.me/Roscongress, English – t.me/RoscongressDirect, and Spanish t.me/RoscongressEsp. Official website and Information and Analytical System of the Roscongress Foundation: roscongress.org.

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Russian-Chinese Cooperation in a New Age
7 September 2022
12:30—14:00
KEY CONCLUSIONS
Sustainable cooperation helps open new aspects of cooperation

Under the guidance of PRC Chairman Xi Jinping and Russian President Vladimir Putin, bilateral relations between Russia and China have entered their best stage in their history and become exemplary relations between two great powers that they are demonstrating on a high strategic level — Zhang Hanhui, Ambassador Extraordinary and Plenipotentiary of the People's Republic of China to the Russian Federation.

Today we are witnessing and participating in the pivot toward East that has been talked about on a high political level. This pivot is happening both on the macro and micro economic levels. <…> The Russian-Chinese economic cooperation keeps demonstrating a sustainable growth. Current conditions are complicated, on the one hand. On the other hand, they open up new opportunities. Under these conditions, the pressing task is to diversify this cooperation, reach a higher level of industrial and R&D cooperation and find new ways to join our efforts — Alexey Dakhnovskiy, Trade Representative of the Russian Federation in the People's Republic of China.

Multifaceted relations are mutually beneficial for both countries

The Russian-Chinese relations have been steadily developing, among other things thanks to our mutual efforts to develop investment and create mutual investment funds. <…> Investing in priority development areas, including high-tech, will of course be a promising area for strengthening friendship and cooperation between our countries and for advancing our trade — Wang Ruibing, Chairman of the Board of Directors, SPIC Fund Management Company.

We are expanding our cooperation. We are big countries and great powers. Of course, our relations are multifaceted and affect various areas. <…> The relations of all-encompassing strategic cooperation and partnership make the benefit of developing our ties obvious. We are striving for mutual benefit and are sharing plans for active long-term development — Zhao Xiaojia, General Director, KitayStroy.

ISSUES
Countries are still coping with the aftermath of the coronavirus pandemic

New waves of the coronavirus pandemic are going through the world. The economy is restoring slower, the inflation is on the rise, and the risks in food and energy security are growing. Despite the pressure caused by the breaks in supply chains, Russia and China are strengthening their mutual support in the face of serious and hard tests — Zhang Hanhui, Ambassador Extraordinary and Plenipotentiary of the People's Republic of China to the Russian Federation.

Apart from increasing the supplies of traditional industrial and agricultural products, we need to look for new niches to raise the share of non-energy commodities in export. <…> The second biggest aspect is transport and logistics. Although this year has not seen any complete lockdowns at land-based border control points or at seaports, the problem remains. We still need to speed up shippings and get rid of traffic jams at the border — Alexey Dakhnovskiy, Trade Representative of the Russian Federation in the People's Republic of China.

More attention to expanding digital cooperation

We would like to focus on digitalization. We have come a long way and are grateful to our Chinese colleagues. Today, we are filling our documents electronically, but we need to move forward. Shipping documents need to be processed electronically. We need to combine our platforms and move toward blockchain — Oleg Belozerov, Chief Executive Officer – Chairman of the Executive Board, Russian Railways.

I believe that we need to get rid of the barriers in Russia–China trade. <…> They include the lack of a single reliable platform, an online source of information about each other because our countries use different internet spaces and social networks, as well significant limitations in these areas — Nikolay Kharitonov, Chairman of the Committee on the Development of the Far East and the Arctic, State Duma of the Federal Assembly of the Russian Federation.

SOLUTIONS
Improving the system of international payments is important for the economy

Although the mechanisms of trans-border payments exist, there are frequent cases of Chinese banks being extra cautious about customers from Russia. We understand the root cause of this attitude, but we are nevertheless convinced that both Russia and China need to intensify works to inform Chinese financial institutes and explain things to them. We also need practical efforts and strive for creating a transborder payment mechanism — Alexey Dakhnovskiy, Trade Representative of the Russian Federation in the People's Republic of China.

We have a whole set of good solutions. For example, it is the system of centralized payments – netting – that helps overcome the problems of payments between Russia and China. We pay a great deal of attention to support for financial institutions from industry-related government committees — Ji Chunqin, Deputy General Manager, Zhongchengtong International Investment.

Upgrading transport and logistics can help unleash full potential

The growth potential here is quite significant. We are developing our work in dry ports as well. We believe that we need to open more control points. They are one of the key bottlenecks for our bilateral ties — Oleg Belozerov, Chief Executive Officer – Chairman of the Executive Board, Russian Railways.

The long-anticipated Blagoveshchensk–Heihe bridge has finally been commissioned. It was constructed a while ago, but it was idling because the pandemic prevented it from being put into operation. Today, we see that it is functioning. It has not reached its full capacity, but we see the growth: every month and every week the cargo flow is growing. I believe that we need to put more efforts into it. We need to expand the range of cargo transported over the bridge — Vasily Orlov, Governor of Amur Region.

The search for new touch points and regional cooperation are among priorities

There is an even higher potential in new areas that include trading key products in oil, gas, coal, and agricultural industries, as well as cooperation in the digital economy and green/low-carbon economic development. We are looking for new touch points — Zhang Hanhui, Ambassador Extraordinary and Plenipotentiary of the People's Republic of China to the Russian Federation.

Of course, we are creating the beautiful future, achieving better results. Our cooperation gets higher covering new areas. Our cooperation with the Russian Federation is among our priorities. As we know, our leadership pays a great deal of attention to energy cooperation — Wang Jun, General Representative, Sinopec Russia and Central Asia.

Under the current conditions of unprecedented sanction pressure of unfriendly countries, the role of business councils and unions like the Russian-Chinese Business Council becomes especially important and pressing. <…> As of today, one of our priorities is setting interregional ties among our Chinese partners and friends and Russian regions — Eugeny Markin, Executive Director, Russian-Chinese Business Council.

The material was prepared by the Russian news agency TASS