Group 1: Core Insights - The visit of President Xi Jinping to Russia signifies the deepening of pragmatic cooperation between China and Russia, showcasing resilience and complementarity despite external challenges [1][2] - The bilateral trade volume between China and Russia reached $244.8 billion in 2024, marking a 1.9% year-on-year increase, with China maintaining its position as Russia's largest trading partner for 15 consecutive years [2][4] - The strategic cooperation between the two nations is characterized by enhanced political trust, deepening strategic collaboration, and expanding cultural exchanges, reflecting their commitment to a multipolar world and a shared future [2][3] Group 2: Economic Cooperation - The pragmatic cooperation between China and Russia is showing strong momentum in emerging sectors such as technology innovation, automotive production, cross-border e-commerce, and medical equipment, indicating significant growth potential [4][5] - Traditional cooperation areas, including machinery manufacturing, heavy industry, aerospace, energy, and logistics, are expected to continue driving the strategic partnership forward [4][5] - New cooperation potentials are identified in complementary industrial sectors, with Russia excelling in raw materials and heavy machinery, while China leads in computer and precision equipment manufacturing [5][6] Group 3: Trade Dynamics - In the first three months of the year, the trade volume between China and Russia was $53.213 billion, reflecting a 6.6% year-on-year decline, although a significant increase of 16% was observed in March [6][7] - The decline in trade volume is attributed to seasonal factors and does not indicate a long-term trend, as both countries are committed to maintaining stable and predictable economic cooperation [6][7] - Despite challenges posed by external trade conflicts, the cooperation between China and Russia is expected to persist, with both nations aiming to establish a multipolar world [7][8]

Core Viewpoint - The meeting emphasizes the importance of multilateralism in addressing global issues and advocates for a fair and just global governance system [1] Group 1: Multilateralism and Global Governance - Wang Yi, a member of the Political Bureau of the CPC Central Committee and Foreign Minister, highlighted the need to uphold and practice multilateralism as a solution to global problems [1] - The expanded "BRICS" should continue to promote shared development and maintain the basic norms of international relations, defending the multilateral trade system [1] - The call for a more equitable and reasonable global governance system is central to the discussions [1] Group 2: Trade Relations and Global Dynamics - Wang Yi addressed the challenges posed by the U.S. using tariffs globally, urging countries to make choices about whether to allow a return to a "survival of the fittest" scenario or to support a multipolar world [1] - The response to trade wars is clear: China is prepared to engage in negotiations based on equality and respect, while also standing firm in its rights and the common interests of all nations [1] - The emphasis is placed on not only protecting national dignity but also ensuring the integrity of international rules and cooperation [1]