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Medvedev asks Direct Investments Fund to finance Russia-China economic projects in St. Petersburg

October 19, 2013, 2:00 UTC+3

He also added he would take part in talks on economic cooperation in China next week

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ST. PETERSBURG, October 19 (Itar-Tass) - St. Petersburg Governor Georgy Poltavchenko has asked Russian Prime Minister Dmitry Medvedev to throw his weight behind local joint economic projects with China.

Speaking at a meeting with Medvedev on Friday, Poltavchenko said that the city’s authorities were considering the issue of creating together with Chinese partners a light industry technopark in Krasnoselsky district in St. Petersburg, as well as a municipal industrial park. There are also plans for laying a tramway track and building a modern congress and exhibition centre.

Poltavchenko asked Medvedev to empower the Russian Direct Investment Fund (RDIF) to join the projects.

“China is our number one economic cooperation partner. Investment cooperation is sometimes even more important than trading and economic one. I have already issued instructions to the RDIF,” Medvedev said.

He also added he would take part in talks on economic cooperation in China next week.

“We are ready to negotiate St. Petersburg’s projects and some others, too. I believe our cooperation with China should cover not only Russia's Far East, but also other parts of the country,” he said.

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