Satellite navigation pact agreed on with Russia

China and Russia signed a memorandum of understanding on Monday to deepen cooperation between each other's satellite navigation systems to compete with Europe's Galileo and the United States' Global Positioning System.

The memorandum will help China and Russia find synergy in space by making their respective satellite navigation systems - Beidou and Glonass - more compatible and practical.

Vice-Premier Wang Yang said technology cooperation has become the main engine driving trade and investment growth between China and Russia, as well as improving their economic development.