TASS — Russia, China to discuss creating common economic space — statement

Russia and China will discuss creating a common economic space as part of the process of integrating the Eurasian Economic Union (EEU) and the Silk Road economic corridor projects, according to a statement made by the Russian and Chinese leaders on Friday.

The statement was issued after talks between Russian President Vladimir Putin and his Chinese counterpart Xi Jinping in Moscow.

The Silk Road economic belt project envisages creating a transport, energy and trade corridor between Central, South Asia and Europe, for which China plans to allocate $40 billion through a special fund.

The project’s idea was put forward by China’s leader Xi in September 2013.
A common economic space is the next stage of economic integration after a free trade area and a customs union. The statement also says the sides will consider creating a free trade zone as a long-term goal....

TASS
Russia, China to discuss creating common economic space — statement