China's Xi to pump billions into Putin's economy

 
China's Xi to pump billions into Putin's economy
The Chinese President Xi Jinping pledged new investments and loans when he met the Russian President Vladimir Putin in Moscow.

Xi and Putin praised the increasingly warmer relationship between the two superpowers when they met in Kremlin the night before the military parade in Moscow which will mark the end of World War II.

The presidents signed agreements worth $25 billion.

- At present, China is our key strategic partner, said Putin, before Xi invited him to participate in China's own celebration of the end of WW II, which is on September 3.

The Russian President agreed and pointed out that their two countries suffered the most during World War II.

China's investments will include 300 billion rubles (roughly $6 billion) in the planned railway line between Moscow and the Russian city of Kazan, said Putin. China has also committed to lend more money to Russian companies.

Xi is among 30 foreign representatives that will attend the May 9 commemoration at the Red Square in Moscow. Western leaders have rejected Putin's invitation because of Russia's role in the war in Ukraine.

The talks with the Russians on Friday showed that Beijing and Moscow share opinion on many world issues, said the Chinese President. Putin and Xi pointed out that it is important to be on the alert about the resurrection of fascism and the attempt to rewrite history.

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