Shared business values benefit cooperation between Russia,China: expert

Shared business values serve as a key foundation for development cooperation between Russia and China, said Mikhail Goryanoy, chairman of the Council of Russia Entrepreneurs of Northern China, in an interview with China Global Television Network (CGTN) in Moscow on Monday.

Goryanoy said that the Russia-China relationship is rooted in shared values that foster mutual understanding and cooperative goals in business, serving as a prime example of how neighboring countries can collaborate effectively in the business sector.

"You see Russia-China relationship, where there is some sort of a common value base, it is pushing business towards mutual understanding and mutual ways to achieve the same goals. And it's not one against another, it's one with another. And this is a very important foundation that both countries are trying to achieve and push business towards cooperation. You see that in state-run cooperation, private businesses, they're all going aligned with this idea. And it’s a great example for the world, in fact, how two countries, two great countries, two neighboring countries, can interweave business with each other and moving business towards cooperation with each other," he said.

To support the building of a more resilient supply chain, China and Russia have signed in 2023 a Pre-2030 Development Plan on Priorities in China-Russia Economic Cooperation prioritizing key areas such as energy and cross-border logistics.

The pre-2030 development plan, a key initiative issued by China and Russia during Chinese President Xi Jinping's state visit to Russia in March 2023, outlines eight areas of economic cooperation - from institutional arrangements such as financial collaboration and increasing the use of local currency in bilateral trade, to strategic guidance on sector-specific cooperation in fields like energy and agriculture

"So technically the initiative is designed to be supporting business of all kinds, all sizes, all shapes and all directions. And China's market is a huge market. We all know that. Russia has great resources, technology, people, all of it. And the idea behind this is to integrate one with another," Goryanoy explained.

Goryanoy also pointed to emerging cooperation in high-tech sectors, particularly artificial intelligence, as another area of promise - not only for China and Russia, but also for broader collaboration between BRICS countries on AI regulation and market access.

"Maybe countries that do not have as long history of high technology involvement as China or Russia, but it doesn't mean we should exclude them. Integration is the key word and is exactly why all the other BRICS countries are invited and introduced into various programs where they can participate. And the foundation of this groundwork is laid exactly by Russia and China as an example of two countries cooperating on so many various levels," he said.

Shared business values benefit cooperation between Russia,China: expert

China's development blueprint for the 2026-2030 period will create strong market opportunities for industries worldwide, said Judy Marks, president and CEO of American elevator maker Otis, in Beijing on Sunday. The China Development Forum 2026 began on Sunday in Beijing. With the theme of "China in Its 15th Five-Year Plan Period: Advancing High-Quality Development and Creating New Opportunities Together," the two-day event is bringing together global officials, industry leaders, and experts for 13 thematic sessions and a series of closed-door discussions, covering topics including new trends in consumption growth, green and low-carbon transition, the development of future industries, and the industrial application of artificial intelligence (AI).

In an interview with China Global Television Network (CGTN) on the sidelines of the event, Marks shared her insights on the significant role of China's research capabilities and market environment for the global economy.

She said that Otis's research and development center in China, leveraging local resources, is well-positioned to advance its innovation strategy.

"So I would tell you to us in China, it's an innovation hub and an agility engine. And, that really describes China for us. We do work in China for China, but we also do both manufacturing and development and research for the rest of the world. And China, in Shanghai, has our largest development team of anywhere in the world. It makes us go faster. It's AI and digital driven -- and it really allows us to set the benchmark," said Marks.

She said that China is advancing rapidly in areas including smart cities and digital infrastructure, developments that will bring new opportunities and shape the future of the global elevator industry.

"Now to us, the world is digital and connected. They're the two highest priorities we have. If an elevator is part of an ecosystem in the building, we can share information with transportation systems, with energy systems. As China pursues even more of a low carbon world, our elevators actually push power back into the building and capture power when they break with our regenerative drives," she said.

Speaking of China's recently-approved 15th Five-Year Plan (2026-2030), aimed at expanding high-level opening up and driving high-quality development, Marks described it as highly encouraging for multinational companies.

"I would tell you everything we see in the 15th Five-Year Plan is encouraging: high-quality development, which is a commitment from the government and the whole ecosystem to serve its citizens, digitalization, urban renewal -- all of this combines. It's created a large market for a company like Otis. It's where we're going to invest, and it's in sync with our strategy and our mission," she said.

China's development blueprint brings opportunities to global industries: Otis CEO