Russia is not afraid of China as a competitor in the global economy, when cooperating with Beijing, Moscow accepts only what is good for it, Russian President Vladimir Putin said at a press conference as part of the Belt and Road international economic forum in Beijing, TASS reports.

"Russia is not a country that is afraid of anything, and certainly, China's actions are not aimed at any kind of absorption. We take decisions together, and we do not take decisions that are harmful to us" We agree only with such proposals that will be good for us," Putin said.

According to the Russian leader, "it's a sin not to use" the opportunities that emerge as a result of cooperation with China.

"Russia is a country which is open to cooperation with all countries, and China shows the same openness to the whole world today," Putin said.

The President said that on the first day of the Belt and Road forum in Beijing he met with representatives of large foreign business, including European ones. According to Putin, foreign businessmen noted that today "China shows greater openness and commitment to an open economy than countries that are always seen as driving forces of the world economy."