China and Russia held the 19th round of their annual strategic security consultation in Beijing on Tuesday, with both sides having in-depth exchange of views on major issues of common concern related to strategic security.
The meeting was co-chaired by Wang Yi, a member of the Political Bureau of the Communist Party of China Central Committee and director of the Office of the Central Commission for Foreign Affairs, and Sergei Shoigu, secretary of the Russian Federation Security Council.
Both sides agreed to strengthen collaboration, safeguard China-Russia relations and the overall development and revitalization of the two countries, and jointly promote global security and stability.
Noting that this year marks the 75th anniversary of the establishment of diplomatic relations between China and Russia, Wang said President Xi Jinping and President Vladimir Putin have met three times this year and made a series of strategic arrangements to promote the bilateral relations to build on the momentum and forge head.
Under the leadership of the two heads of state, China-Russia relations have maintained sound, stable momentum amid changes in global scenario, he said.
Both sides adhere to the principles of lasting good-neighborliness and friendship, comprehensive strategic coordination, and mutually beneficial cooperation, all of which serve the fundamental interests of the two peoples, Wang observed.
He said that China and Russia have supported each other firmly on issues concerning their core interests, deepened political mutual trust and promoted practical cooperation, creating a new model for relations between neighboring major countries, and significantly promoting solidarity and cooperation within the Global South.
Wang stressed that leaders' guidance is the greatest political advantage and fundamental guarantee for the high-quality development of China-Russia relations.
Guided by the consensus reached by the two heads of state, the China-Russia strategic security consultation mechanism should strengthen coordination on strategic and overarching issues related to the security and development interests of both sides, while strengthening strategic mutual trust and enriching the connotation of strategic coordination, Wang said.
Wang also called for enhanced exchange and multilateral coordination between the two countries amid the changing international landscape, so as to provide a strong guarantee for the high-level development momentum of China-Russia relations and ensure that the two countries work together to maintain global strategic stability.
Shoigu said that Russia is willing to work with China to implement the consensus reached by the two heads of state, and enhance bilateral cooperation and coordination within multilateral mechanisms such as the United Nations, the Shanghai Cooperation Organization and BRICS, aiming to promote the continuous development of Russia-China relations.
China, Russia hold annual strategic security consultation
As the 2024 APEC gathering commences in Lima, Peru, China's deepening partnerships with Latin American nations - bolstered by trade, investment, and the Belt and Road initiative - serves as a key example of the country's commitment to fostering inclusive economic cooperation across the Asia-Pacific region.
Under the overarching theme of "Empower. Include. Grow," APEC Peru 2024 which is running from Nov. 10-16, will bring leaders of its 21 member economies together to set the agenda for the Asia-Pacific region, with trade and investment for inclusive and interconnected growth beiamong the priority areas.
At the APEC media center next to the meeting's main venue, booths promoting new technologies and sustainable development are set up. Organizers say Peru is seeking opportunities to connect the largest markets and insert Peruvian companies in regional and global value chains.
In an opinion article posted on the website of the China Global Television Network (CGTN) last weekend, Peru's Ambassador to China Marco Balarezo wrote that exports to APEC economies represented 68.5 percent of Peru's total international transactions in 2023, and that the Asia-Pacific provides a critical region of opportunities and incorporation in the regional and global supply chains.
Chinese President Xi Jinping will attend this year's APEC Economic Leaders' Meeting and pay a state visit to Peru from Wednesday to Sunday, with this being his sixth visit to Latin America since 2013.
An updated free trade agreement (FTA) between Peru and China, set to be signed during President Xi's visit, is another example of how APEC 2024 will bolster the economy, according to Ambassador Balarezo.
China is Latin America's second-largest trading partner and main source of investment, as well as the top trading partner for many countries in the region including Peru. It has signed Free Trade Agreements with five Latin American economies and established high-quality Belt and Road cooperation with 22 Latin American and Caribbean countries. The cooperation has grown beyond traditional areas like trade, finance, and infrastructure to include newer fields such as energy, the digital economy, and aerospace.
One of the flagship cooperative projects, the China-built Chancay Megaport north of Lima, set to become fully operational shortly after the APEC meeting, is establishing Peru as a gateway for South American trade to Asian markets. Beyond that, Balarezo said Peru invites all APEC enterprises to invest in this near-term endeavor.
Since it started over 30 years ago, APEC has turned into a powerful driver of economic growth and one of the most important forums in the Asia-Pacific region. With 21 member economies, APEC represents around 62 percent of the world's GDP and nearly half of global trade.
APEC is the first regional economic cooperation organization that China joined back in 1991. Experts believe China has accelerated the pace of opening up through APEC cooperation and has provided huge opportunities for economic and trade development in the Asia-Pacific region.
Strengthened China-Latin America ties epitomize APEC's push for inclusive economic cooperation
