Overview
- First Deputy Prime Minister Denis Manturov and Chinese Vice Premier Ding Xuexiang are leading the 12th intergovernmental commission session at the Great Hall of the People in Beijing.
- The sides plan to sign several bilateral documents and adopt targeted steps to revive trade after a 9.4% January–September drop to $163.62 billion.
- A portfolio exceeding $200 billion is under review, with more than half concentrated in 63 priority projects and 46 nearing implementation.
- Priority areas span transport logistics, metallurgy, chemicals, machinery, forestry, agriculture and trade, with new 2025 initiatives for auto production in Kaluga, the Moscow region and St. Petersburg, plus an alumina project in Hebei.
- The updated investment agreement, signed in May and now ratified by Russia, is slated to enter into force in December with accelerated permitting, improved investor–state dispute resolution and clearer protections against forced asset seizure.