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26.05.2024
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Russia and China are working on 79 investment projects worth over $160 billion

2431924 ds7epThe trade representative of the Russian Federation in China, Alexey Dakhnovsky, said that the largest investment projects fall on the spheres of agriculture, mining and processing of minerals, infrastructure construction and industry.

The Intergovernmental Commission of Russia and China is working on 79 significant projects worth almost $161 billion. This was stated on Thursday by the trade representative of the Russian Federation to China Alexey Dahnovsky during the Russian-Chinese Round table on investment cooperation in Xiamen.
"The main mechanism of our interaction is the intergovernmental Russian-Chinese Commission for Investment Cooperation, which has 79 significant and promising projects totaling almost $161 billion in its portfolio," Dakhnovsky said. The Trade Representative noted that the largest investment projects are in the fields of agriculture, mining and processing of minerals, infrastructure construction and industry.
According to Dakhnovsky, over the past 20 years, the countries have formed a solid foundation for work in the field of investment and implemented a number of large and promising projects.
"Despite the difficult epidemiological and geopolitical situation, China remains a key investment and trade partner of Russia," the trade representative stressed.
Dakhnovsky said that the changing global foreign trade environment creates new opportunities for partnership between Russia and China. "First of all, these are areas in which Chinese enterprises have significant competencies: metallurgy, high technology, infrastructure construction, petrochemistry, automotive, pharmaceuticals," he said.
The Russian-Chinese round table on investment cooperation is held within the framework of the annual China International Investment and Trade Fair (CIFIT). It takes place on September 8-11 in the eastern Chinese city of Xiamen in Fujian province, writes TASS.