Russian Culture Ministry urges Arctic tourism developmentSociety & Culture June 26, 8:27
Scientists call Arctic 'blank space' on world archaeology mapBusiness & Economy June 26, 8:13
Anton Siluanov: “...It's worth any price you pay”Business & Economy June 26, 8:00
Russia hopes Astana talks on Syria will yield package of documents on de-escalation zonesRussian Politics & Diplomacy June 25, 20:31
Russians’ real incomes up by 3% in May - Russian finance ministerBusiness & Economy June 25, 18:39
All doping tests of Russian players at 2014 FIFA World Cup are negativeSport June 25, 15:10
Police refrains from calling Newcastle incident a terrorist attackWorld June 25, 13:14
Putin offers condolences to Pakistan’s president over fire victimsRussian Politics & Diplomacy June 25, 12:39
Fire of fuel tank kills 123 people in Pakistan - TVWorld June 25, 7:58
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.