Chinese Vice Premier Wang Yang addresses the opening ceremony of the first China-Russia Expo in Harbin, capital of northeast China's Heilongjiang Province, June 29, 2014. (Xinhua/Wang Jianwei)
The first China-Russia Exposition, focusing on extending economic and trade cooperation between the two countries, opened on Sunday in Harbin, capital of northeast China's Heilongjiang Province.
During the opening ceremony on Sunday evening, Chinese Vice Premier Wang Yang said, China has organized many famous expositions and trade fairs, but it is the first time for it to co-host a national level exposition with another country.
It is a direct reflection of the high level political mutual trust and economic integration between the two countries, he said.
During the event, delegates from the two countries will gather discussing bilateral exchanges in such fields as satellite navigation, finance, tourism, agriculture and trade.
Russian Deputy Prime Minister Dmitry Rogozin said, the exposition reflects the high level of the comprehensive strategic partnership between the two countries and demonstrates the two countries' common aspiration in carrying out long-term mutually-beneficial cooperation in different areas.
The exposition covers an area of about 86,000 square meters, and a total of 1,597 enterprises from different countries will join the event.
The expo, scheduled to last from Monday to Friday, is jointly held by China's Ministry of Commerce, Heilongjiang provincial government and the Russian ministries of economic development and industry and trade.
The event's predecessor was the China Harbin International Economic and Trade Fair initiated in 1990. It was upgraded to an exposition earlier this year to focus on bilateral cooperation.
Russia is a major trade partner of China. In the first four months of 2014, bilateral trade volume grew by 3.4 percent year on year to 29.06 billion U. S. dollars, official statistics showed.
China, Russia trade volume rises 1.8 pct in 5 months
Trade volume between China and Russia rose 1.8 percent between January and May from a year earlier, according to data released on Sunday by China's General Administration of Customs (GAC).
China's exports to Russia in the first five months of this year edged up 1.6 percent year on year to 114.08 billion yuan (18.55 billion U.S. dollars), and imports from Russia in the period rose 2 percent to 111.89 billion yuan, said the GAC.
China registered a trade surplus of 2.19 billion yuan in the first five months of this year, down 2 percent from the same period last year.