Russian official slams Romania's airspace refusal as ploy against Moldovan leaderRussian Politics & Diplomacy July 28, 17:23
Crimea’s electric power supply restoredWorld July 28, 16:54
Motorcycle swiped from Italy in 2012 turns up in St. PetersburgSociety & Culture July 28, 16:44
Brooklyn Nets deny media buzz that Prokhorov plans to sell controlling stakeSport July 28, 16:10
Russia begins work on deep-water robot to reach Mariana Trench’s floorScience & Space July 28, 15:55
Experts: alternative energy may be used widely in the ArcticBusiness & Economy July 28, 15:50
Russia launches trials of second Yasen-class nuclear-powered submarineMilitary & Defense July 28, 15:39
Aircraft carriers, amphibious ships, and GEVs key to Russian Navy’s futureMilitary & Defense July 28, 15:23
Blackout on Russian mainland leaves Crimea in the darkBusiness & Economy July 28, 15:22
BEIJING, August 21 /TASS/ China’s direct investments in Russia’s economy decreased by 20% year-on-year in January-July, head of the Europe and Central Asia Department of the Chinese Ministry of Commerce Lin Zhi told reporters on Friday.
"Direct investments to the real sector of economy are decreasing while the volume of portfolio investments is growing. We can’t say that investors’ activity is decreasing but it turns out that they choose new ways for investments in the Russian economy due to current economic difficulties," Lin Zhi said.
In January-June, the volume of China’s direct investments to Russia decreased 25% in annual terms.
According to Lin Zhi, the inflow of Chinese investments to Russia was mainly constrained by the ruble devaluation.
"As you know, the ruble rate fell in the first half of the year, it is unstable, all this affects the real activities and psychology of investors," he said.
Lin Chi also noted a positive attitude of the Chinese investors who continue to invest in the Russian economy.
"Several Chinese major projects on investments in automobile industry, agriculture and reconstruction of infrastructure are now being launched," - he said.
As of December 31 2014, Chinese investments in the Russian economy totaled $4 billion. It is expected that in the next five years this figure will increase to $10 billion.