Russia looks to China's for investment in outlying regions

RUSSIAN President Dmitry Medvedev's coming visit to China may seek China's investment in its outlying regions, including the reconstruction in the far eastern city of Vladivostok and the Black Sea resort of Sochi, as well as the host venues of the 2012 summit of the Asia-Pacific Economic Co-operation and the 2014 Winter Olympic Games, reported Xinhua.

The Sino-Russia bilateral trade volume grew 49.6 per cent year on year in the first seven months to US$30.7 billion, which would reach $60 billion by the end of the year, exceeding the 2008 figures, said Alexander Lukin, director of the Centre for East Asia and Shanghai Cooperation Organisation (SCO) Studies at the Moscow State Institute of International Relations.

Russia needs to attract new investments, particularly in new technologies. In its European part, the majority of the investment comes from Europe. But in the Far East and Siberia, the main investment sources will be from Japan, South Korea and China, he noted.
(Source:www.schednet.com)