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Hailing the fruitful outcomes of China-CEECs cooperation, He said that China stands ready to work together with CEECs to further align their development strategies and plans, expand trade ties, deepen investment and capacity cooperation and speed up infrastructure connectivity, to continuously expand and deepen pragmatic cooperation.

Putin said Russia is committed to deepening its relations with China and Mongolia on the basis of mutual respect, equality and mutual benefit, and is ready to step up cooperation to promote the synergy between the Eurasian Economic Union, the China-proposed Belt and Road Initiative, and Mongolia's Steppe Road program.

The two leaders, after their meeting, have also witnessed the signing of a number of cooperation documents, met the press, visited an exhibition of cars produced by Great Wall Motors' plant in Russia's Tula region, and attended the inauguration ceremony of the panda house in Moscow Zoo.

Over the past decades, a growing number of private companies have set up CPC branches.

The high-tech equipment production, though starting late, expanded fast as well, the report said.