The Chinese premier said China and Russia both have entered their own key development stages.

Chinese Premier Wen Jiabao (L) and his Russian counterpart Vladimir Putin attend a news conference after the 15th regular meeting between the Chinese and Russian prime ministers, in St. Petersburg, Russia, Nov. 23, 2010. [Yao Dawei/Xinhua]

He said the two countries should expand mutual trade and investment, carry out comprehensive high-tech cooperation, deepen bilateral cooperation in gas and oil, nuclear energy, coal, power and other fields, promote regional cooperation and enhance all-around competitiveness of the two countries.

Before meeting Medvedev, Wen attended a China-Russia business summit in Moscow, during which he said China is committed to step up its cooperation with Russia in such fields as trade, mutual investment and energy.

He noted that China will be more dedicated to deepening bilateral cooperation and enriching the partnership to a higher level.

The Chinese premier made a four-point proposal suggesting a roadmap to promote bilateral cooperation and called on the two nations to further open their markets to each other in an effort to take two-way trade to a higher level.

Wen said that China welcomes more Russian companies to establish business in China.

As for the mutual investment schemes, Wen suggested that the two sides need to reduce investment barriers and take effective measures to promote large projects and improve the quality of their mutual investment cooperation.