Apart from growing trade, Russia and China are strengthening regional development through the improvement of transport routes, the Chinese television channel CGTN says.
As part of the last visit of Russian President Vladimir Putin to China, the Russian Railways and China Railway Corp signed a memorandum of understanding on the creation of high-speed freight rail routes linking China, Russia, and Europe.
High-speed freight rail freight will play a key role in promoting logistics, trade, and investment between China and Russia, a source in China Association for Overseas Development told CGTN on Tuesday.
Also, the Chinese side expects that strengthening cooperation will help advance Chinese high-speed rail technologies in Russia, while the first such project already exists. The matter concerns the construction of a high-speed railway connecting the Russian cities of Moscow and Kazan.