China’s Hu, Russia’s Medvedev Discuss Crisis at APEC
Hu Jintao and Russia’s president Dmitry Medvedev met one-on-one at the APEC summit in Peru and pledged closer cooperation on international efforts to ease the global credit crisis. From Bloomberg:
The two leaders, in a one-on-one meeting, also vowed to implement a strategy they agreed on during the G-20 meeting in Washington this month that involves energy supplies and supporting each other’s economic and trade interests, Liu said in an interview today at the end of the Asia-Pacific Economic summit in Lima.
The “strategic action plan” is meant to be carried out from 2009 to 2012 as part of a “good neighborly relations and peace” treaty that guides the bilateral relationship, Liu said.
“Hu and Medvedev approved this plan in Washington and now they will implement it,” Liu said. “This action plan covers politics, economics and energy, though energy — including natural gas — is a key part of it.”
Leaders of Pacific Rim nations including China and Russia promised today to “act quickly and decisively” to resolve the global economic crisis. A worldwide slump has prompted central bankers and governments to cut lending rates and announce spending packages and tax cuts designed to sustain growth.
Read more about China at the APEC summit.
Origin: Rob Delaney, Bloomberg
