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Wen: China devoted to maintaining peace on Korean Peninsula

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"China will encourage its enterprises to take an active part in Russia's economy in fields such as infrastructure, power network reconstruction and high-speed railway," Wen said.

Chinese Premier Wen Jiabao addresses the opening ceremony of the fifth China-Russia economic and trade summit forum in Moscow, capital of Russia, Nov. 24, 2010. [Xie Huanchi/Xinhua]

He noted that China supports its financial institutions in launching investment projects in foreign countries such as Russia.

Wen also called on the two countries to intensify their cooperation on technology and innovation, indicating that the two share common interests in such fields as space science, nuclear power and bioengineering.

Chinese and Russian scientists should work closer to promote cutting-edge technological initiatives and develop innovation programs as a marketing approach in the third country, Wen proposed.

On his fourth point, Wen suggested the two nations improve the level of trade and technology and investment cooperation in their bordering area, which is, in his words, "a strategic key point" of the bilateral economic cooperation.

As China and Russia share a 4,300-km common border, the two sides could tap a huge potential to step up economic cooperation, Wen said.

He urged the two sides to further boost border trade in various forms, regulate customs clearance and optimize utilization of cross-border water resources.

China is keen to share its experience in the successful development of the special economic zone and is willing to jointly construct and manage pilot projects in a Russian special economic zone, Wen added.

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