China and Russia signed a joint statement to jointly support open trade and multilateralism.

On May 20th, under the joint witness of President Xi Jinping and President Putin of Russia, Minister of Commerce Wang Wentao and Minister of Economic Development of Russia, Reshetnikov, signed a joint statement in Beijing supporting open trade and multilateralism. The joint statement emphasizes the importance of maintaining multilateralism and adhering to open and fair trade in the current international economic and trade situation. Both sides pledged to jointly resist unilateral coercion measures and trade protectionism, and oppose trade restrictions under the names of national security, environmental protection, or climate change. Both sides believe that economic and trade consultations with third parties should not target the other party. They reiterated their support for a rules-based, non-discriminatory, fair, open, inclusive, equal, sustainable, transparent multilateral trading system with the World Trade Organization at its core, and are committed to advancing bilateral economic and trade cooperation and promoting trade and investment growth. Both sides agreed to enhance coordination and cooperation on platforms such as the G20, Asia-Pacific Economic Cooperation, BRICS, Shanghai Cooperation Organization, etc.