Rus­sian Far East of­fi­cial ex­pects more Chi­nese in­vest­ment

The Pak Banker - - 6BUSINESS -

The Pri­morsky re­gion in the Rus­sian Far East will see more Chi­nese in­vest­ment, said Vladimir Mik­lu­shevsky, the re­gion's gover­nor. More than half of the for­eign trade turnover of Pri­morsky is con­nected with North­east China, Mik­lu­shevsky told Xin­hua.

"We are now work­ing with 200 Chi­nese com­pa­nies in­vest­ing in agri­cul­ture, man­u­fac­tur­ing as well as trade. And we're very ex­cited to in­crease this in­vest­ment flow."

He noted that projects in the pri­or­ity ar­eas of farm prod­ucts, lo­gis­tics, in­dus­trial and food pro­duc­tion have al­ready started in the re­gion. The gover­nor said in­vestors can en­joy a num­ber of tax ben­e­fits in those sec­tors and in the mean­time, for­eign in­vest­ment will bring ben­e­fits to lo­cal res­i­dents.

Mik­lu­shevsky also said cul­tural, sci­en­tific and ed­u­ca­tional ties is the ba­sis for eco­nomic trade re­la­tions be­tween the two na­tions. De­spite global fi­nan­cial woes and Rus­sia's eco­nomic dif­fi­cul­ties, new op­por­tu­ni­ties are emerg­ing for the re­gion's ties with China, he said.

"A huge in­flux of Chi­nese tourists vis­ited Pri­morsky. In 2015, the num­ber of Chi­nese tourists dou­bled com­pared with the pre­vi­ous years, and our tourist in­come in­creased 30 per­cent," said Mik­lu­shevsky.

The gover­nor said au­thor­i­ties are pre­par­ing for this year's East Rus­sia Eco­nomic Fo­rum sched­uled for Sept. 6-7.

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