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The volume of investment of China in the Far East is 7 percent of the total - Yuri Trutnev - EastRussia | Far East

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The volume of PRC investments in the Far East is 7 percent of the total - Yuri Trutnev

China is Russia's main external partner in the Far East. This was stated by Deputy Prime Minister of the Russian Federation - Plenipotentiary Representative of the President of the Russian Federation in the Far Eastern Federal District Yuri Trutnev, who arrived at the WEF.

The plenipotentiary noted that Russia and China cooperate in such areas as infrastructure, agriculture, processing of natural resources. At the moment, negotiations are underway with the Chinese corporation "China Chengtun" on the construction of a pulp and paper mill in the Khabarovsk Territory.

- We are interested in the fact that the timber is processed in Russia, in Russia. We will create all conditions for this, "said Yury Trutnev.

A subsidiary of China Chengtong Holdings Group, China Paper Corporation, is considering the possibility of building a new timber processing plant at Komsomolsk TOR on the site in the city of Amursk. The volume of investment in the construction of the plant may amount to more than 10 billion yuan or 1,5 billion dollars with a projected capacity of 500 thousand tons of softwood pulp a year.