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Interest to SPIEF on the rise in China — vice-president of Boao Forum for Asia

June 19, 2015, 21:37 UTC+3 ST PETERSBURG
Chinese businesspeople "are using this forum for strengthening cooperation with Russia and the Eurasian Economic Union (EAEU)," Yang Xiyu said
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© Valery Matytsin/TASS

ST PETERSBURG, June 19. /TASS/. Chinese participants at the St. Petersburg International Economic Forum (SPIEF) showcase a growth of interest to the forum in China, Executive Vice President of the Boao Forum for Asia Yang Xiyu told TASS on the SPIEF sidelines on Friday.

Delegations of the Sinopec gas and oil corporation along with representatives of other major Chinese companies that top business ratings have arrived at the forum underway in Russia’s second largest city and this fact "spoke vividly about a growth of attention to the SPIEF from Chinese companies," Yang Xiyu said.

"They are very active at the forum and discuss strategy, politics and business," he said.

Chinese businesspeople "are using this forum for strengthening cooperation with Russia and the Eurasian Economic Union (EAEU)," he said explaining that entrepreneurs from China were guided by the idea to re-emerge the Silk Road economic belt initiated by China’s President Xi Jinping.

The St. Petersburg International Economic Forum is the most significant economic conference held annually in Russia and often called Russian Davos in the media (analogous to the World Economic Forum in Switzerland’s Davos).

Heads of state and government, finance ministers, top managers of domestic and foreign companies and men of science from over 70 countries annually visit the forum to discuss economic challenges facing Russia and emerging markets.

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