Overview
- First Deputy Prime Minister Denis Manturov and Chinese Vice Premier Ding Xuexiang co-chaired the 12th intergovernmental commission session at the Great Hall of the People, with both sides set to sign several documents.
- The commission is advancing a portfolio worth more than $200 billion, with over half concentrated in 63 key projects and 46 described as close to implementation across logistics, metallurgy, chemicals, machinery, forestry, agriculture and trade.
- Russia has ratified the updated bilateral investment protection agreement signed in May, which will enter into force in December and features expedited permitting, improved investor–state dispute resolution and clarified protections against expropriation.
- Officials noted that two-way trade hit about $244–245 billion in recent years but has declined in 2025, including a 9.4% drop to $163.62 billion for January–September, and they pledged coordinated steps to restore growth.
- New and proposed initiatives include auto production in Kaluga, the Moscow Region and St. Petersburg, an alumina project in Hebei, dissolving pulp and viscose in Irkutsk, a Moscow ion‑proton therapy center and a year-round Northern Sea Route container line, with both governments stressing risk‑management cooperation.