Xi, Putin meeting to focus on 'mega projects' (2)

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He said the two leaders will be determined to expand on their political partnership into new areas to achieve common development and prosperity.

Li said he expected they would launch more big projects, but did not give details.

China and Russia have already initiated large-scale projects in oil and natural gas transportation with a pipeline from Russia to China.

This summer, both countries were struck by devastating floods, but it is still not clear whether they will undertake mega projects for flood prevention.

"The two have huge potential to tap into economic cooperation, built on their close political partnership, and China is willing to expand investment in Russia, especially in mega projects."

Li said mega projects may help realize the goal of expanding bilateral trade volume to $100 billion in 2015 and $200 billion in 2020.

China's investment in Russia in the first quarter of this year surged to $2.23 billion from $740 million in all of 2012, according to Russian statistics.

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