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Beijing has also issued a travel advisory saying Chinese nationals should avoid going to Vietnam.
Russia’s trade with China may reach the $100 billion mark by the end of the year, Kremlin authorities said on Friday.
The annual APEC forum is one of the region's most important economic gatherings.
Russia and China influence strategy decisions on global security challenges, said Chairman of the US Joint Chiefs of Staff Gen. Martin Dempsey.
A total of 14 vessels, two submarines, nine fixed-wing aircraft, helicopters and special forces from both countries will take part in the exercise, a Chinese navy spokesman said.
Sino-Russian energy ties are expected to get a massive boost, in the wake of Moscow’s current standoff with the EU, its traditional energy partner, over the Ukraine crisis.
The Chinese Foreign Minister has asked the US to “speak and act cautiously” on the South China Sea disputes.
A landmark Russian deal to supply China with 38 billion cubic meters of gas per annum for 30 years will also be signed during Putin’s trip.
Vietnam has dispatched dozens of vessels to the disputed region after a Chinese oil rig moved into the area.
Gross domestic product (GDP) grew 7.4 per cent year-on-year in the first three months of 2014.
