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MOSCOW, January 9. /TASS/. The Ministry for Development of Russia’s Far East has proposed China to establish the Far Eastern Center to support investors from China, Russian Far East Development Minister, Alexander Galushka, has told Izvestia.
"We have prepared and handed over to the Chinese side the proposal to set up the Far Eastern Center to support investors and entrepreneurs from China. We believe that this mechanism will give an additional necessary impetus to the Russian-Chinese cooperation in the macroregion and will make it possible to significantly increase the number and quality of incoming investment," the minister said.
The Russian-Chinese cooperation in the Far Eastern region is developing dynamically. A total of 23 projects with investment from China worth about $3 billion are being implemented in the region.
The share of Chinese investment in Russia’s Far East accounts for about 22% of the total foreign investment volume.