Russian President Vladimir Putin has revealed plans to visit China in May 2017 at a meeting with Chinese President Xi Jinping in Peru. Putin praised the rapid development of trade, industrial and high-tech ties between Moscow and Beijing. On Saturday, the two leaders met on the sidelines of the two-day Asian-Pacific Economic Forum (APEC). Putin said he has accepted an invitation to take part in events related to the implementation of Silk Road Economic Belt project, a large-scale initiative unveiled by Xi in 2013 that envisages the integration of trade and investment in Eurasia. One of the goals of a strategic Silk Road Economic Belt project is to link European and Asian countries with a transport, energy and a trade corridor. In June, Putin said he welcomes the project as a promising mutually beneficial initiative saying that wherever the road goes, it first runs through neighboring territories.