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China encourages companies to invest in Russia — vice premier

October 20, 2016, 8:17 UTC+3 BEIJING
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BEIJING, October 20. /TASS/. The Chinese government assigns great importance to the role of Chinese capital in the Russian market, Vice Premier Wang Yang said on Thursday.

"Russia is an important investment partner," he said. "The Chinese government encourages companies and provides conditions for them to invest in Russia," he added.

He made the statement at the 7th China Overseas Investment Fair (COIFAIR-2016). COIFAIR-2016 is held in Beijing on October 20-21. Among participants are 86 companies from 21 Russian regions.

Last year, representatives of 14 Russian regions brought projects worth $1.5 billion to COFAIR in Beijing.

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