China-Russia economic and trade ties have improved over the recent years, and relevant departments of both countries are working to achieve the target of 200 billion U.S. dollars in bilateral trade volume by 2024 set by Xi and Putin, Hu said.

In addition to trade in traditional areas, China supports the two sides in fostering new areas of growth, implementing major projects of strategic significance, further facilitating trade and investment, expanding trade in agricultural products, and boosting cross-border e-commerce and trade in services, he said.

Also on Thursday, Hu met with Russian Deputy Prime Minister Yury Trutnev to discuss intergovernmental cooperation between China's northeastern region and Russia's Far Eastern and Baikal regions.

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