ID :
105435
Tue, 02/09/2010 - 00:53
Auther :
Shortlink :
https://oananews.org//node/105435
The shortlink copeid
China invites Russia to set up support fund for joint projects
.
8/2 Tass 229
KHABAROVSK, February 8 (Itar-Tass) - China has called on Russia to set
up a financial support fund for the implementation of big joint projects,
the Russian president's envoy to the Far Eastern Federal District, Viktor
Ishayev, told a news conference after his visit to China on February 5.
The Russian delegation led by Ishayev discussed the quality of the two
countries' economic cooperation, stronger participation of Chinese
businesses in the Far East's investment sector, joint production of high
added value goods and modernization of border and transport infrastructure.
"The economic downturn exerted a negative impact on the
Russian-Chinese trade," Ishayev said. "In 2008 the trade output totalled
55 billion U.S. dollars, while in 2009 - 37 billion U.S. dollars."
He noted that in the Far Eastern Federal District the turnover
declined at a slower pace from 5 billion U.S. dollars to 4.5 billion U.S.
dollars.
Ishayev stressed that the investment sector remains a problem, as the
share of China's investments in Russia's total foreign investment volume
comprises less than 1 percent.
Economic modernization, the introduction of new technologies and the
export infrastructure reform will open the opportunities for the
production of high added value goods. Among such projects the envoy named
the oil pipeline construction and supplies of electric power generated at
the Bureiskaya hydropower plant to China.
He noted that the two countries' companies take efforts to produce
fertilizers and implement joint projects in the forestry and metallurgy.
"But we have an extremely small number of such projects," Ishayev said.
"China considers Russia its main strategic partner and does not eye
the Far East as a raw material base for the development of its economy,"
Ishayev said citing U Bango, the Chairman of the Standing Committee of the
National People's Congress of China, as saying during their meeting in
Beijing.
U Bango focused his attention on the development of interregional
cooperation and proposed to boost the construction of infrastructure
facilities in the border regions such as bridges across the Amur River in
Blagoveshchensk and the Jewish Autonomous District and border crossings.
-0-isk/gor
8/2 Tass 229
KHABAROVSK, February 8 (Itar-Tass) - China has called on Russia to set
up a financial support fund for the implementation of big joint projects,
the Russian president's envoy to the Far Eastern Federal District, Viktor
Ishayev, told a news conference after his visit to China on February 5.
The Russian delegation led by Ishayev discussed the quality of the two
countries' economic cooperation, stronger participation of Chinese
businesses in the Far East's investment sector, joint production of high
added value goods and modernization of border and transport infrastructure.
"The economic downturn exerted a negative impact on the
Russian-Chinese trade," Ishayev said. "In 2008 the trade output totalled
55 billion U.S. dollars, while in 2009 - 37 billion U.S. dollars."
He noted that in the Far Eastern Federal District the turnover
declined at a slower pace from 5 billion U.S. dollars to 4.5 billion U.S.
dollars.
Ishayev stressed that the investment sector remains a problem, as the
share of China's investments in Russia's total foreign investment volume
comprises less than 1 percent.
Economic modernization, the introduction of new technologies and the
export infrastructure reform will open the opportunities for the
production of high added value goods. Among such projects the envoy named
the oil pipeline construction and supplies of electric power generated at
the Bureiskaya hydropower plant to China.
He noted that the two countries' companies take efforts to produce
fertilizers and implement joint projects in the forestry and metallurgy.
"But we have an extremely small number of such projects," Ishayev said.
"China considers Russia its main strategic partner and does not eye
the Far East as a raw material base for the development of its economy,"
Ishayev said citing U Bango, the Chairman of the Standing Committee of the
National People's Congress of China, as saying during their meeting in
Beijing.
U Bango focused his attention on the development of interregional
cooperation and proposed to boost the construction of infrastructure
facilities in the border regions such as bridges across the Amur River in
Blagoveshchensk and the Jewish Autonomous District and border crossings.
-0-isk/gor
