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RUSAL to continue investing in China's economy

September 13, 2013, 17:24 UTC+3
1 pages in this article

BEIJING, September 13 (Itar-Tass) - RUSAL, Russia's largest aluminium company, is ready to invest in China, despite slower economic growth in the country, RUSAL Director General Oleg Deripaska told the meeting of New Champions 2013 (Summer Davos) in the Chinese city of Dalian.

According to forecasts, lower prices for aluminium and new restrictions from the Chinese government on the aluminium industry will result in slower introduction of new production facilities," Xinhua news agency cited Deripaska as saying on Friday.

Despite this, the Chinese market remains attractive, he said. "Even with Chinese GDP growth of seven percent, the Chinese economy volumes will double in the next 10 years. We have decided with the Chinese northern industrial corporation to set up a joint venture," Deripaska said.

More than 1,600 politicians and economists from all over the world have participated in the Liaoning province's economic forum, which concludes its work this Friday.

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