Vladivostok, September 11, 2018 - More than XX representatives of leading Russian and Chinese companies discussed the development of bilateral trade and economic and investment cooperation between Russia and China at the annual meeting of the Russian-Chinese Business Advisory Committee, which was held today on the sidelines of the Eastern Economic Forum.
The Committee is currently considering [73 projects totaling more than $100 billion] in mining and mineral processing, industrial production, infrastructure, agriculture, etc.
The Committee is a mechanism for cooperation between Russian and Chinese business owners involved in the Intergovernmental Russian-Chinese Commission for Investment Cooperation. The Committee makes a significant contribution to the development of business relations between Russian and Chinese companies, facilitating investment projects across various sectors.
At the meeting of the Committee, participants noted that Russian-Chinese economic relations are extremely beneficial for both countries, and that they will strive to make every effort to further strengthen these ties.
Kirill Dmitriev, CEO of RDIF and Co-CEO of RCIF, noted:
"While strong economic growth in both countries will certainly produce many domestic opportunities for profitable investments, we believe particularly promising transactions will be found in bilateral deals that capitalize on the Russia-China relationship. We look forward to realizing the huge potential for mutually beneficial growth in sectors such as infrastructure, logistics, food and agriculture, natural resources, financial services, and consumer goods and services."
Bing Hu, Co-CEO and President of RCIF, said:
"As the fourth time this year the Russia-China Business Advisory Committee Meeting has been held, the previous ones have achieved remarkable results. The close cooperation between China and Russia has enable both sides to make substantial progress in various fields. RCIF will continue to play the role of a bridge between the two countries and help China and Russia achieve more mutually beneficial growth in key areas. Hereby, I wish this meeting a complete success."
Russia-China Investment Fund (RCIF) is a joint fund, established by the Russian Direct Investment Fund and China Investment Corporation (CIC). The activity of RCIF is aimed at the development of bilateral economic, trade and investment relations between Russia and China. Further information can be found at www.rcif.com
For additional information contact:
Russian Direct Investment Fund
Tel: +7 495 644 34 14, ext. 2395
Mobile: +7 916 110 31 41
Andrew Hayes / Andrew Leach
Tel: +44 (0) 20 7796 4133
Russia-China Investment Fund
Tel.: +86 10 5762 9000
Fax: +86 10 57629111
Yury S. Trofimov
Russia-China Investment Fund
Tel.: +7 (495) 230-05-55 ext. 4243
Mob.: +7 (985) 765-13-12