China is increasing investments in Russian economy
Volume of trade between Russia and China is increasing
In the run-up to the second Forum on International Cooperation the Chinese ambassador to Russia Li Hui told the journalists that the volume of trade between Russia and China is increasing and PRC's investments in Russian enterprises are growing.
According to Li Hui, "the two countries' governments have established perfect conditions for economic cooperation, trade and investments between Russia and China". He also noted that currently "both China and Russia are facing historical challenges of economic development, the enhancement of people's life level and the resurrection of nations".
Famous Chinese companies in Russia
The following Chinese companies are well-known in Russia: Sinopec, China Railway Construction Corporation Ltd, State Grid Corporation of China, Huawei, ZTE, Haier, Alibaba, China Mobile, China Unicom, Dong Feng, GAC Group, Haval and so on.
Moreover, Chinese companies are actively exploring such dimensions as oil and gas production, infrastructure, geological production, agriculture, machinery, logistics, electronic commerce and so on. Li Hui also added that the Russian government has intensified its efforts to develop Far East and Arctic. So, Russia and China have wide prospects for cooperation in the Far East and Arctic regions.