10 June 2004 09:38
Russia, China achieve investment "breakthrough" at Far East forum
Khabarovsk, 10 June: Thirteen memorandums of intent [MOI] and agreements to the value of around 3bn dollars have been
signed in the framework of the first Russian-Chinese investment forum.
The overall value of agreements for Siberia and the Far East has exceeded 800m dollars, including 400m dollars for
Khabarovsk Territory, Maksim Bystrov, deputy director of the investment policy and state investment department at the
Russian Ministry of Economic Development and Trade told RIA today.
Two major MOIs have been signed for St Petersburg, Bystrov said. He added that Shanghai construction companies are
planning to build a residential area with an overall investment of 1.2bn dollars and to invest 900m dollars in a
glass-making factory [in St Petersburg].
The first meeting of a permanent Russian-Chinese working group for investment cooperation has been held within the
framework of the Khabarovsk investment forum.
The economic development minister of the Khabarovsk Territory government, Aleksandr Levintal, told RIA that this
meeting had succeeded in making a qualitative breakthrough in investment cooperation with China.
"Now Russian and Chinese businessmen face the task of putting the agreements reached into practice,"
Levintal said.
[RIA news agency] |
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