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Strategies & Market Trends : China Warehouse- More Than Crockery -- Ignore unavailable to you. Want to Upgrade?

To: RealMuLan who wrote (2218)	12/22/2003 2:53:04 PM
From: RealMuLan	Read Replies (1) \| Respond to of 6370

russia, china: A pledge to boost military ties China and Russia last week pledged to step up military ties, saying the two giant neighbors’ close defense cooperation would promote global security. “Overall and military ties between China and Russia are a very important factor in ensuring security for the world”, Russian Defense Minister Sergei Ivanov said after talks in Moscow with his Chinese counterpart, Cao Gangchuan. Cao was in Moscow for a week-long visit to Russia aimed at strengthening military cooperation, in particular arms procurement. His schedule included visits to military plants in St. Petersburg and Nizhni Novgorod which supply submarines to China. “Military-technical cooperation between Russia and China has been expanding consistently over the past few years. It has already proved successful”, Ivanov said at the start of talks. “I am confident that your visit will give a powerful impetus to further advancing relations between Russia and China”. Ivanov pointed to China’s participation in the first joint security exercises conducted this year by members of the Shanghai Cooperation Organization -- Russia, China, Uzbekistan, Tajikistan, Kyrgyzstan and Kazakhstan -- including on Chinese soil. “In past few years there has been a good development of friendship and cooperation between our armies in many spheres, including operational”, Cao said for his part. The Chinese defence minister, who graduated from a Soviet artillery academy, urged an expansion of educational exchanges “to build up the Chinese army”. Several hundred Chinese officers are currently enrolled in Russian military establishments. The two ministers met again to chair a session of the Russo-Chinese intergovernmental commission on military-technical cooperation. Cao’s visit to St. Petersburg follows the signature last year of a contract for the delivery in 2006 of two destroyers which are to be built at the Severnaya Verf shipyards. The Nizhni Novgorod visit related to a contract, also signed last year, for the delivery of eight submarines. The most recent major contract between the two countries was signed in January for the sale of 24 all-purpose Sukhoi Su-30-MKK fighters for around one billion dollars. China and India are the Russian armaments industry’s biggest customers. China accounted for more than 2.5 billion dollars’ worth of orders last year, more than half of Russia’s export contracts signed in 2002 (totalling 4.8 billion dollars). Russo-Chinese defense cooperation gained momentum in the 1990s after Western nations introduced an embargo in response to the Tiananmen Square events of 1989. It was cemented in 2000 at a summit meeting between presidents Vladimir Putin and Jiang Zemin. “China is our main partner, because although India can purchase weapons elsewhere, Beijing cannot, as it still faces the European and US embargo”, indicated Andrei Frolov, an expert at Moscow’s Policy Studies Center. mmorning.com