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Beijing is keen on substituting the US dollar with the yuan in all of China’s trade with other countries.
The deal would ensure the needs of energy hungry China, that is trying to switch to cleaner fuel by moving away from coal, are taken care of for the next
A total of 14 vessels, two submarines, nine fixed-wing aircraft as well as helicopters and special forces are taking part in the drills.
The two allies have vowed to beef up cooperation in a wide range of fields, including finance, trade, energy and transportation infrastructure.
The two Asian nations are the biggest consumers of the precious metal.
A US grand jury indicted five Chinese military officers of hacking into American companies to steal trade secrets.
Chinese shares dropped more than 1 per cent on Monday as investors worried about a new wave of initial public offerings (IPOs).
A total of 14 surface ships, two submarines, nine fixed-wing warplanes, six shipboard helicopters and two operational detachment-alphas (ODAs) assembled in Shanghai on Sunday.
Russia and China will implement a list of joint projects in 40 priority areas with total investments of about $20 billion.
A Chinese Foreign Ministry spokesperson said on Sunday Beijing will suspend bilateral exchanges with the country.
