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Russia and China implement 73 joint investment projects

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Russia and China implement 73 joint investment projects

Russian Deputy Minister of Economic Development, Stanislav Voskresensky, took part in the fourth meeting of an intergovernmental Russian-Chinese Commission on investment cooperation chaired by Deputy Chairman of Russian Government, Igor Shuvalov, and Vice Premier of the State Council of China, Zhang Gaoli.

During the meeting, the parties discussed Russian-Chinese trade-economic and investment cooperation, noting the positive dynamics on the background of the slowdown in world trade.

The trade turnover between Russia and China at the end of 2016 increased by 3.9% to over 66 billion. As of the 3rd quarter of 2016, the volume of accumulated foreign investment from China has grown by 13%.

According to the results of the intergovernmental commission, the list of Russian-Chinese investment projects was adapted, as well as additional projects in the non-energy sector were approved. A total number of investment projects reached 73, of which 17 are being actively and successfully implemented.

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