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Putin’s speech at EEF 2015 shows Russia determined to develop Far East - Wang Yang

September 05, 2015, 3:18 updated at: September 05, 2015, 6:23 UTC+3 VLADIVOSTOK
The first Eastern Economic Forum is coming to an end in the city of Vladivostok on Saturday
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© Stanislav Krasilnikov/TASS

VLADIVOSTOK, September 5. /TASS/. Russian President Vladimir Putin’s speech at the first Eastern Economic Forum (EEF) has shown that Russia is determined to develop the Far Eastern region, Vice Premier of the Chinese State Council Wang Yang said at the EEF on Saturday.

"President Putin attended the forum yesterday and made an important speech," he said. "Vladimir Vladimirovich gave a detailed account of the current Far East development, which shows determination to develop the Far East," Wang Yang said.

Russia and China should urgently find new economy growth points, Wang Yang said.

"Cooperation in the economy sphere is subject to the market laws, therefore it should be mutually advantageous," he said. "We urgently need to find new economy growth points," Wang Yang said.

The first Eastern Economic Forum (EEF 2015) has been attended by 10 ministers and 4 governors from China, Vice Premier of the Chinese State Council said.

"This time, the Chinese delegation includes 10 ministers and 4 governors," he said. Wang Yang also said that "more than 200 Chinese companies have applied for participation in the forum, but only 75 have passed registration." "Of these, 15 companies are among the world’s largest, their last year’s total revenue exceeded $1.7 trillion, which is equal to one-sixth of China’s GDP," he said.

"We thus want to give a signal to the outside world that China is ready to become a reliable long-term partner," Wang Yang said.

Many regions of the Far East have favourable conditions for the construction of deep-water ports. China is interested in cooperation with Russia in this sphere, Vice Premier of the Chinese State Council Wang Yang said.

"A representative of the Jilin Province said that they are interested in cooperation on the port of Vanino. We are ready to provide assistance to the company (that wants to participate) in boosting investment in the Vanino port project," Wang Yang said.

The first Eastern Economic Forum is coming to an end in the city of Vladivostok on Saturday. It focused on the presentation and discussion of investment opportunities and projects of the Far Eastern region.

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