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Russia-China expo begins June 30
June 23, 2014, 5:05 am

 Chinese shoemakers work at the Russian-Chinese bazaar in Ussurisk, Russia, Sunday, Aug. 21, 2005. As China and Russia embark on a new stage of cooperation by holding joint military exercises launched from the Far East, the Chinese presence is slowly growing in this hard-scrabble region far from Moscow [AP]


Chinese shoemakers work at the Russian-Chinese bazaar in Ussurisk, Russia, Sunday, Aug. 21, 2005. As China and Russia embark on a new stage of cooperation by holding joint military exercises launched from the Far East, the Chinese presence is slowly growing in this hard-scrabble region far from Moscow [AP]

The first China-Russia expo organized by China’s Commerce Ministry and Russian Economic Development Ministry will be held later this month on June 30.

The five-day event will include a variety of seminars on trade, application of satellite navigation systems, agriculture, forestry, tourism and financial cooperation.

The expo would be used to promote cooperation between China’s Heilongjiang and Inner Mongolia and Russia’s Far East and lake Baikal area.

Russian President Vladimir Putin has said Russia is interested in Chinese businesses’ participation in developing the Far East. Energy hungry Asian markets, bordering Far East, are attracting Russia’s strategic focus.

The Russian Direct Investment Fund and China Investment Corporation established the $2 billion Russia China Investment Fund (RCIF) when President Putin visited China last June.

The RCIF has said that it is keen to invest in Russia’s Far East.

Russia is a major trade partner of China. In the first four months of 2014, trade volume grew by 3.4 per cent year on year to $29.06 billion, official statistics showed.

 

Source: Agencies

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