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Central Asia: China's Russian Pipe Dream
Posted on Tuesday, September 28 @ 02:19:03 CDT
Topic: Asia: China, Japan, India

Central Asia" China's Russian pipe dream

Asia Times Online

By Sergei Blagov

MOSCOW - In a move to secure a steady hydrocarbon inflow from the north, visiting Chinese Premier Wen Jiabao has pledged to invest US$12 billion in Russia's infrastructure and energy sector by 2020. But despite the economic incentive, Beijing seemingly failed to win a clear commitment from Moscow to build a $2.5 billion oil pipeline from Siberia.

In a joint statement by Wen and his Russian counterpart Mikhail Fradkov, the two also pledged to boost trade. In the first eight months of this year, bilateral trade reached $12.9 billion, up 35% year-on-year. In 2004, this is expected to hit $20 billion. The two nations have pledged to winch it to $60 billion by 2010. ...........

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