Putin and Jinping promised ever-closer cooperation and oversaw a series of deals as the two countries deepen ties in the face of growing tensions with the West.
Russian President said 58 various deals worth of a total of $50 billion for joint business initiatives with China have been selected.
Several top Russian business officials and company directors have accompanied Putin on his trip in which around some 50 official documents are expected to be signed.
The deals involve the sale of stakes in a number of Russian projects to Chinese firms, an oil supply contract and joint investments in petrochemical projects in Russia.
The Russian leader also urged China in “strengthening together the fight against international terrorism”, the nuclear issue on the Korean peninsula, Syria, and stability in the South China Sea.
Meanwhile, Chinese Xi emphasised that this year marked the 15th anniversary of the China-Russia treaty of friendship and hoped the two countries might remain “friends forever”.
“President Putin and I equally agree that when faced with international circumstances that are increasingly complex and changing, we must persist even harder in maintaining the spirit of the Sino-Russian strategic partnership and cooperation,” he said.
Rosneft, Russia’s top oil producer, agreed to sell 40 present of its shares in an upcoming project to build a petrochemical complex in Russia’s Far East to the China National Chemical Corporation (ChemChina).
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