On the morning of September 27, 2010, Chinese President Hu Jintao held talks with Russian President Dmitry Medvedev at the Great Hall of the People. The two heads of state pledged to join hands and forge ahead to uplift China-Russia strategic partnership of coordination to a new level.

Hu said China-Russia strategic partnership of coordination has maintained a sound momentum of development in recent years with new progress made in exchanges and cooperation in all areas. China and Russia are geographically adjacent and have huge potential for cooperation. Enhancing pragmatic cooperation between the two countries is of great significance to the quickened modernization of both countries, said Hu. China has always looked at and developed ties with Russia from a strategic and overall perspective. "It's China's unswerving policy to constantly consolidate and enhance its strategic partnership of coordination with Russia," Hu said.

Medvedev said this year witnesses the most frequent contacts between top leaders of the two countries and the two heads of state have met five times within the year. It fully complies with the interests of the two peoples, indicates the momentum and high level of the development of bilateral ties and will help boost bilateral strategic partnership of coordination, said Medvedev. The development of bilateral relations has scored important outcomes in recent years with good-neighborly friendly cooperation developing rapidly, the scale of economic cooperation expanding, sound dialogue between government agencies of the two countries, enhanced coordination on strategic security issues and close cooperation in international affairs. This is the outcome of the joint efforts by both sides and deserves to be cherished. The two countries are becoming increasingly interdependent and are closely connected with each other in their future development. Russia takes developing its strategic partnership of coordination with China as a diplomatic priority and will not waver in its resolve.

Hu said that China and Russia should tap advantages and huge potential of bilateral ties, adhere to the principles of opening-up, cooperation, mutual respect and win-win outcome and enhance coordination of their economic development strategies in a bid to push bilateral pragmatic cooperation to a higher level. First, Hu urged both sides to expand trade and investment cooperation, improve trade mix and maintain sustained, stable growth of bilateral trade. Both sides should earnestly implement the investment cooperation program and expand mutual investment. Second, Hu called for deepened energy cooperation. The two nations should ensure the safe and normal operation of the China-Russia oil pipeline, and reach the designated amount of oil supply as early as possible, Hu said, calling for further cooperation on upstream and downstream petroleum, coal, natural gas and nuclear power. Third, Hu urged both sides to expand financial cooperation. Hu expressed his support for Russia's proposal on inter-bank listed trading of the RMB and Ruble in the forex markets. Fourth, Hu called for further cooperation at local levels. The two governments should actively support adjacent areas to accelerate cross-border infrastructure construction, enhance coordination on major projects, implement the regional cooperation plan and promote economic and social development of the adjacent areas of the two countries. Fifth, Hu suggested both sides enhance cooperation on high-tech and innovation. He urged both sides to provide guidance for exchanges between their scientific and technical personnel, conduct S&T research, development, innovation and the transformation of S&T results and provide necessary facility and support in this regard. Hu also pledged to further cooperation with Russia in energy-saving, environmental protection, and disaster prevention and relief. China is ready to expand exchanges and cooperation with Russia on education, culture, health, sports, media and tourism, run well cultural centers in the two countries and carry out more regular exchange events well received by the public of the two countries. Hu expressed thanks to Russia for its support of the 2010 World Expo in Shanghai and congratulated on Russia’s successful exhibitions at the Expo.

Echoing Hu’s proposals on furthering bilateral ties, Medvedev said Russia attaches great importance to developing all-round cooperation of mutual benefit with China and is ready to work with China to enhance pragmatic cooperation in all areas. Russia is ready to work with China to jointly cope with major natural disasters, maintain the sound development momentum of bilateral economic and trade relations, deepen cooperation on oil, natural gas, electricity, nuclear power, energy saving and renewable resources, advance bilateral cooperation at local levels and implement the regional cooperation plan between the two countries. He urged both sides to expand multi-level cooperation between their businesses, tap potential, expand mutual investment and further enhance environmental protection cooperation. Hailing the sound cooperation in people-to-people and cultural areas, Medvedev said Russia is ready to work with China to ensure success of Year of Friendship, promote youth exchanges and build up mutual understanding and friendship between both peoples. He said he would go to Shanghai for the Russia Pavilion Day at the Shanghai World Expo on the next day and the Russian side would continue to actively participate in the Expo.

Hu said the two countries should make further use of the strategic security consultation mechanism and deepen strategic collaboration in international and regional affairs. He also proposed the two sides support each other on issues concerning their respective core national interests. He also said the two nations should aim to preserve global strategic balance and stability while promoting the full recovery and sound development of the world's economy.

Medvedev vowed to further strategic collaboration with China and strengthen coordination with China on international and regional issues.

After their talks, the two heads of state signed a joint statement on comprehensively deepening their strategic partnership of coordination. They will also issue a joint statement on the 65th anniversary of the end of the Second World War between the two heads of state. The two heads of state attended a signing ceremony of bilateral cooperation documents and jointly met the press. They also attended the completion ceremony of the China-Russia oil pipeline.

On the noon, President Hu held a welcome banquet for Medvedev’s visit at the Golden Hall on the third floor of the Great Hall of the People. The banquet proceeded in a warm and friendly atmosphere. Chinese artists staged a brilliant art performance following the banquet.

Prior to the talks, President Hu held a welcome ceremony for his Russian counterpart at the North Hall of the Great Hall of the People. Chinese Vice Premier Wang Qishan, Vice-Chairman of the Standing Committee of the National People's Congress Jiang Shusheng, State Councilor Dai Bingguo, Vice Chairman of the National Committee of the Chinese People's Political Consultative Conference Bai Lichen, Vice Chairman of the Central Committee of the China Association for Promoting Democracy Wang Zuoshu, Foreign Minister Yang Jiechi, Minister of the National Development and Reform Commission Zhang Ping, Director General of National Energy Bureau Zhang Guobao, MOC International Trade Representative & Vice Minister of Commerce Gao Hucheng and Chinese Ambassador to Russia Li Hui attended the welcome ceremony.