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Xi noted that a prosperous United States will benefit China, while a growing China is also in the interests of the United States.

China pledged to annually train at least 150 taxation professionals from developing countries over the next two years. Since 2015, the State Administration of Taxation (SAT) has provided taxation courses for nearly 400 professionals from more than 50 developing countries.

More than 12,000 service personnel from the army, navy, air force, armed police as well as the newly formed rocket force and strategic support troops, took part in the parade at Zhurihe military training base.

In particular, the structure of China-Russia economic cooperation and trade continues to improve and quite a few new areas of growth have emerged. First, the robust growth in the trade of mechanical and electrical products as well as high-tech products, registering a 20.8 percent and 19.4 percent increase respectively in the first quarter of this year. Second, burgeoning investment cooperation. This year, our intergovernmental investment cooperation committee decided on a list of 73 new projects, some of which are being carried out according to plan. Third, the deepening financial cooperation. The Central Bank of Russia set up its first overseas office in China. With one of its enterprises issuing "Panda bonds" in China, Russia has become the first among the countries along the Belt and Road to do so. To promote cooperation between China's northeast and Russia's far east, China has announced the establishment of the China-Russia Regional Cooperation Development and Investment Fund with a total scale of 100 billion yuan. Fourth, the rapid growth in the trade of agricultural products. China welcomes more imports of high-quality agricultural products from Russia. Fifth, faster progress in the joint development of the far east, for which China is its largest trading partner. The two sides are working on a number of promising projects in the areas of deep processing of resources, port logistics, modern agriculture and infrastructure development. Sixth, the steady progress of major strategic projects in the fields of energy, nuclear power, aviation, aerospace and cross-border infrastructure construction, including smooth progress in the construction of the eastern route of the China-Russia natural gas pipeline, the active participation of Chinese enterprises in the Yamal LNG project, and the opening in Shanghai this May of a joint-venture to manufacture long-range wide-body passenger aircraft.

To sum up, both President Putin and I are of the view that our two countries need to deepen economic cooperation and trade to strengthen our bond of shared interests. At the same time, we need to take a long-term view and open up our economies to each other for mutual benefit. This will help enhance the comprehensive strength and international competitiveness of our two countries and deliver more benefits of our cooperation to people in both countries.