China 's premier Vladimir Putin meets Wen Jiabao in Beijing . The two leaders agree multi-billion dollar trade , cooperation deals . two sides also negotiating over energy cooperation . Russian Deputy Prime Minister Alexander Zhukov said the deals included two $ 500-million-dollar banking deals -- one involving Russia 's Vnesheconombank ( VEB ) and the China Development Bank and the other between Russia 's VTB bank and the Agricultural Bank of China , Agence France-Presse reported . Work started in May on oil pipeline supplying Russia from China .
China 's premier Vladimir Putin meets Wen Jiabao in Beijing . The two leaders agree multi-billion dollar trade , cooperation deals . two sides also negotiating over energy cooperation . Work started in May on oil pipeline supplying Russia from China .