China Development Bank to loan RMB 10 bn to VEB

China Development Bank (CDB) is to grant an RMB 10 bn loan facility to VEB for five years, according to Thursday’s report by the press service of the Russian state corporation. The agreement was signed during the 20th Regular Meeting of Prime Ministers of Russia and China in Beijing. “The document provides for granting a […]

Igor Orlov, the Governor of Arkhangelsk region: Poly Technologies to take part in two major projects in the Russian Federation

The Chinese company Poly Technologies has confirmed its participation in two projects – construction of the Belkomur Railway and a deep-water port in Arkhangelsk.An intergovernmental memorandum on launching the projects, given their concessional nature, is expected to be signed in foreseeable future. The Governor noted that currently the financial and technological models of the projects […]

China, India, and Russia are major shareholders of AIIB

Beijing announced the official establishment of the Asian Infrastructure Investment Bank. In other words, it now exists from a legal point of view, according to the Minister of Finance of the PRC. The Bank obtains an official status and the right to exist, if the agreement on its establishment is approved by at least ten […]

Interview: According to a Russian expert, the Sino-Russian trade and economic cooperation should be focused on development of investment cooperation and creation of joint ventures

Beijing, 4 January (Xinhua): In the present context, the Sino-Russian trade and economic cooperation should be focused on development of investment cooperation and creation of joint ventures in both Russia and the PRC. This is the opinion expressed by Andrey Ostrovsky – Deputy Director of the RAS Institute of Far Eastern Studies (IFES) – in […]

Establishing a cross-border economic cooperation zone in Fuyuan County and creating a free trade zone in the city of Suifenhe

Harbin, 7 January (Xinhua): The Committee of the Chinese People’s Political Consultative Conference (CPPCC) (Heilongjiang Province, Northeast China) submitted for approval by the local government its proposals for establishing a cross-border economic cooperation zone in Fuyuan County and creating a free trade zone in the city of Suifenhe. The environment favorable for development of trade […]

Russia to replace Turkish manufacturers of car components by Serbian enterprises

The XIV meeting of the Intergovernmental Russian-Serbian Committee for Trade, Economic, Scientific, and Technical Cooperation in Belgrade (Serbia) discussed placement of orders with Serbian enterprises for production of car components previously produced in Turkey for the needs of the Russian automotive industry. The Russian delegation was headed by Deputy Prime Minister Dmitry Rogozin, while the […]

Skincare expands Russian-Chinese cooperation format

13 January 2016: The leading Russian manufacturer of dermatological personal protection products – Skincare – and the China Petroleum and Chemical Industry Federation (CPCIF) met as part of the program for strengthening Russian-Chinese economic cooperation. The bilateral negotiations were focused on building-up partnerships in the field of occupational health and safety at petrochemical enterprises in […]