Chinese President Xi Jinping appears as guest of honour at Russia's showcase economic forum, as the two neighbours present a united front in the face of shared troubles with the US
Russian President Vladimir Putin and Chinese President Xi Jinping attend the ceremony of presenting Xi Jinping degree from the Saint Petersburg State University on the sidelines of the St. Petersburg International Economic Forum in Saint Petersburg on June 6, 2019.
To end the trip, Xi and his host will appear at a plenary session of the annual Saint Petersburg Economic Forum, which Moscow hopes will woo foreign investors despite an uncertain business climate. "In the same week that President Trump will be having tea with the Queen in London, President Putin will be hosting President Xi in Saint Petersburg."
While this is the Chinese leader's first appearance at the economic forum, where he heads a 1,000-strong delegation, he and Putin have met regularly in recent years.Ahead of Xi's visit, Kremlin advisor Yury Ushakov described China as "Russia's most important economic partner". "China is taking time to ramp up investments in Russia," said Charles Robertson, chief economist at Renaissance Capital.He predicted China would make big investments over the next three to five years, possibly even sooner, as Russia plays an important role in Chinese projects along Beijing's New Silk Road.
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