Home > Media > RCIF in the News > Xi, Putin urge scientific, technological cooperation

Xi, Putin urge scientific, technological cooperation

Chinese President Xi Jinping and Russian President Vladimir Putin on Saturday extended congratulations on the opening of the 2014 Pujiang Innovation Forum, voicing hope for enhancing bilateral cooperation in the fields of science and technology.

The forum, themed "Coordinated Innovation and Sharing Opportunities", is being held in the coastal city of Shanghai in east China on Oct. 25-26.

Xi said in his congratulatory message that China is implementing a strategy of innovation-driven development and promoting comprehensive innovation with science and technology as the core.

Russia, which boasts a unique strength in scientific innovation, has also made major achievements in the fields of science and technology, he said.

Xi expressed his belief that the China-Russia cooperation in science and technology will promote the economic and social development of the two countries and deepen their comprehensive strategic partnership of coordination.

It will also help the two peoples make new and greater contributions to safeguarding world peace and promoting common development, Xi said.

Putin said both China and Russia have unique economic potential, with a long-standing tradition of cooperation in many fields.

Nowadays, it is especially important to enhance collaboration, facilitate mutual investment, actively implement innovation projects, and expand direct exchanges between the scientific-tehnological community and the industrial and business sectors of the two countries, he added.

Putin voiced his confidence that the 2014 forum will inject new vitality into the consolidation of the comprehensive cooperative partnership between the two countries.

Initiated in 2008, the Pujiang Innovation Forum is an annual event jointly organized by the Ministry of Science and Technology and the Municipal Government of Shanghai.

The forum aims to build a platform for communication of innovation and development, with in-depth discussions on various hot issues in the area of innovation both at home and abroad.

Russia acts as the Guest Country of Honor in the forum this year.

China, Russia to develop high-tech parks

China and Russia have signed a memorandum to jointly build a high-tech park in each country as the two look to further innovation in science and technology, authorities said on Tuesday.

The park in China will be located in the new town of Xixian Fendong in Shaanxi and will initially occupy four square kilometers. In Russia, 200,000 square meters of buildings will be built in the Skolkovo Innovation Center in Moscow, the Russian Direct Investment Fund said in a press release Tuesday.

Part of China's revival of the "Silk Road", the high-tech parks are being developed by the Russian Direct Investment Fund (RDIF), Russia-China Investment Fund (RCIF), the Skolkovo Fund, and the local government of northwest China's Shaanxi Province.

RDIF said under the agreement RCIF and the Administrative Committee of Xixian Fendong New Town of Shaanxi will establish a joint venture for the construction of the parks.

Authorities expect to open satellite offices for the Chinese park in places such as Beijing, Shanghai, Guangdong and Heilongjiang in the medium and long run, while the Russian park will open offices in Kaliningrad, Vladivostok and the Russian republic of Tatarstan.

As Russia's chairing organization in Intergovernmental Russian-Chinese Commission for Investment Advisory Committee, RDIF will support the high-tech park project in the commission's ongoing work. It also plans to help the Russian park attract high-tech companies from both countries and promote development of international companies within the parks.

RCIF is a private equity fund created by the RDIF and China Investment Corporation, two sovereign wealth funds.