Chinese Vice Premier Wang Yang (C) and Russian Deputy Prime Minister Dmitry Rogozin (L, 1st) attend the third China-Russia Exposition in Yekaterinburg, on July 13, 2016. [Photo: gov.cn]

The third China-Russia Exposition is underway in the Russian city of Yekaterinburg.

The five-day expo is showcasing products, technology and projects in sectors and fields like equipment manufacturing, agriculture, forestry, finance and tourism.

Denis Manturov is the Russian Minister of Industry and Trade.

"We underestimated the potential for cooperation between the two countries, because we will have far more opportunities for cooperation than we do today. Just like presidents Putin and Xi Jinping expect, we can completely achieve a total trade volume of 100 billion U.S. dollars between our countries."

A highlight of the expo is the 770-kilometer Moscow-Kazan high-speed railway, Russia's first high-speed rail line linking the country's capital and the capital of the Russian Republic of Tatarstan.

It is also the first segment of a transnational high-speed railway set to connect Moscow and Beijing over a distance in excess of 7-thousand kilometers.

China and Russia are jointly funding the project, which is expected to be completed in 2020.