Chinese Ambassador to Russia Li Hui, in the lead-up to the second Belt and Road Forum for International Cooperation, told journalists that trade between China and Russia is becoming increasingly active and that China is investing more and more in Russian enterprises.
Favorable Conditions
According to Li Hui, “The governments of both countries have provided strong guarantees for economic, trade, and investment cooperation between the two sides and have created favorable conditions for this.” According to the diplomat, “At present, both China and Russia face historic challenges in economic development, improving people’s living standards, as well as the revival of their countries and nations.”
Major Chinese Companies
Favorable Conditions
According to Li Hui, “The governments of both countries have provided strong guarantees for economic, trade, and investment cooperation between the two sides and have created favorable conditions for this.” According to the diplomat, “At present, both China and Russia face historic challenges in economic development, improving people’s living standards, as well as the revival of their countries and nations.”
Major Chinese Companies
Currently, well-known Chinese companies in Russia include China National Petroleum Corporation (CNPC), Sinopec, China Railway Construction Corporation Ltd (CRCC), State Grid Corporation of China, Huawei, ZTE, Haier, Alibaba, China Mobile, China Unicom, as well as Chinese automotive companies such as Dong Feng, GAC Group, Haval, and others.
Areas of Cooperation
In addition, Chinese businesses are actively operating in the fields of oil, natural gas, infrastructure, mining, agriculture, engineering, automobile manufacturing, electronic equipment, logistics, e-commerce, and many others. Li Hui noted that the Russian government has intensified its efforts to develop the Far East and the Arctic. As a result, China and Russia have great prospects for cooperation in the Far East and the Arctic.
Areas of Cooperation
In addition, Chinese businesses are actively operating in the fields of oil, natural gas, infrastructure, mining, agriculture, engineering, automobile manufacturing, electronic equipment, logistics, e-commerce, and many others. Li Hui noted that the Russian government has intensified its efforts to develop the Far East and the Arctic. As a result, China and Russia have great prospects for cooperation in the Far East and the Arctic.