Russia's Putin visits China to talk about energy
Russian Prime Minister Vladimir Putin is in China for talks with Chinese counterpart Premier Wen Jiabao, President Hu Jintao and other leaders. Putin was met by Chinese Foreign Minister Yang Jiechi Monday evening when he arrived in Beijing for the start of his three-day trip, his first visit to China since becoming prime minister last May.
Among the agreements expected during Putin's visit this week is a possible gas-for-loans deal similar to a $25 billion oil-for-loans deal that was finalized earlier this year. Russia's cash-strapped energy companies need Chinese funding, while Beijing has welcomed the chance to further diversify sources for energy.
During Putin's visit, nearly three dozen contracts in energy, mining, transportation and infrastructure development, worth more than $5.5 billion in total, are due to be signed.
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