BEIJING, August 10. /TASS/. The upcoming Eastern Economic Forum (EEF) is an important framework for promoting Russian-Chinese cooperation in the Far East, a source in the Chinese Foreign Ministry told TASS on Wednesday.

"The EEF is a new and important venue for fostering Russian-Chinese cooperation in the Far East. The Chinese side is prepared to take an active part in developing Russia’s Far East on mutually beneficial terms. We intend to expand cooperation, utilize all available advantages and encourage the development of cross-border partnerships," the ministry said.

"We believe that the 2nd Eastern Economic Forum will turn out to be a great success and we are confident that Russian and Chinese companies will achieve new results," the source said. "The Chinese side is actively gearing up to send its high-level representative to the forum and is ready to actively encourage Chinese companies to take part in the forum."

The 2nd Eastern Economic Forum will be held on September 2-3 in Vladivostok. Over 2,400 people from China, Japan, South Korea, India, Vietnam, Australia, the United States and Singapore are expected to take part in the forum to discuss opportunities for investors, vehicles and instruments for supporting entrepreneurs, as well as infrastructure and energy projects. The first Eastern Economic Forum was held in Vladivostok in September 2015. More than 80 large investment contracts valued at over 1.3 trillion rubles ($20.32 billion) were signed there.