On July 22, 2024 local time, Member of the Standing Committee of the Political Bureau of the CPC Central Committee and Vice Premier of the State Council Ding Xuexiang held talks with Russian First Deputy Prime Minister Denis Manturov in Moscow and co-chaired the 11th meeting of the China-Russia Investment Cooperation Committee.

Ding Xuexiang said that under the strategic guidance of President Xi Jinping and President Vladimir Putin, China-Russia investment cooperation has maintained a sound momentum of development, bringing tangible benefits to the two countries and two peoples. Since the 10th meeting of the China-Russia Investment Cooperation Committee, the two sides have strengthened the top-level design of investment cooperation, steadily promoted cooperation on key projects, created new highlights in sub-national cooperation, and achieved a series of new positive results. China is ready to work with Russia to earnestly implement the important common understandings reached between the two heads of state, continuously upgrade the level of investment cooperation between the two countries, and better achieve mutual benefit, win-win results and common development.

Ding Xuexiang put forward four suggestions on continuously enhancing the effectiveness of bilateral investment cooperation. First, strengthen planning and guidance for investment cooperation and provide guidance for deepening and substantiating China-Russia investment cooperation. Second, enhance communication, coordination and close cooperation to ensure the early implementation of cooperation projects. Third, tap the potential of investment cooperation and better carry out sub-national cooperation. Fourth, fortify policy support and actively foster a favorable investment environment.

Denis Manturov congratulated China on the successful convening of the Third Plenary Session of the 20th CPC Central Committee, saying that the important decisions taken at the plenum will strongly promote China's prosperity and development and will definitely provide new opportunities for the development of Russia-China relations. In recent years, bilateral trade and investment cooperation has achieved fruitful results with a strong momentum of growth. Russia is ready to work with China to deliver on the important common understandings reached between the two heads of state, give full play to the role of the Russia-China Investment Cooperation Committee, strengthen strategic synergies and contribute to the development and revitalization of the two countries.

At the meeting, participants listened to the work report from the Secretariat of the Committee, a briefing on the cooperation between the business advisory committee, development finance institutions and related enterprises, as well as the work suggestions from relevant government departments and local governments. The two sides reached a series of common understandings on cooperation in investment and other fields, and put forward key cooperation directions.

After the meeting, Ding Xuexiang and Denis Manturov co-signed the minutes of the meeting.