The president of Russian state-owned oil company Rosneft returned from a visit to China with assurances Beijing wanted more oil, a spokesman said.
China, whose trade with the United States helps it earn big surpluses, welcomes their recent high-level trade talks in the context of current global economy.
More exchanges between U.S. and Chinese business executives would help promote bilateral trade cooperation, Chinese Vice Premier Wang Qishan said.
China says it is urging the World Bank to create new rules and standards allowing developing nations more standing and voice.
Treasury Secretary Henry Paulson Jr., speaking in Beijing Thursday praised the accomplishments of the U.S.-China Strategic Economic Dialogue.
Russian oil firm Rosneft and the Chinese state-run petroleum company are close to an energy transportation agreement, officials said.
Chinese Vice Premier Wang Qishan says his country has enough tools to keep its economy on track in the current global financial turmoil.
Chinese Vice Premier Wang Qishan said Saturday his country has begun negotiations with Russia regarding energy resources.
China and the United States should strengthen their talks to better encourage understanding and trust, Chinese Vice Premier Wang Qishan said.