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Experts warned that the price hike may finally build up inflation pressure on China.
South Africa says the framework will largely depend on the commitment, resolve and actions taken by all the signatories.
Moscow says it is concerned by growth in terrorism in Africa and the war in Mali.
Analysts predict that bilateral trade between China and the Middle East will reach between $350 and $500 billion by 2020.
The US version seeks to increase its coverage of the local communities to cater to the needs of American readers.
Lavrov said the frequency of high-level visits between Russia and China indicated the strength of their strategic partnership.
The sides also discussed cooperation between their countries and opportunities to strengthen ties.
At least 16 people have been killed and hundreds injured after the explosion on Thursday.
Geological research shows that the groundwater of 90 per cent of Chinese cities is polluted.
The measure was originally proposed three years ago as a way of ensuring healthy growth in the housing sector.
