Russian-Chinese investment cooperation commission selects 58 projects requiring investment totaling $50 bln - Putin
BEIJING. June 27 (Interfax) - A Russian-Chinese commission on investment cooperation has selected 58 commercial initiatives for implementation, which require investment amounting in total to $50 billion, Russian President Vladimir Putin said.
"The commission on investment cooperation, which had a meeting yesterday, selected 58 various commercial initiatives requiring investment totaling $50 billion," Putin told journalists following negotiations with Chinese leader Xi Jinping in Beijing on Saturday.
Twelve of these projects are already being implemented, he said.
He also said there has been a positive dynamic in changes in the structure of Russia's trade turnover with China, in which there has been an increase in exports of equipment and food from Russia.
"We are changing the structure of our trade turnover in the needed direction," Putin said.
"Sales in China of machinery and equipment from Russia almost doubled this year, and we are very grateful to our Chinese friends," Putin.
In addition, there has been a 30% increase in food exports from Russia to China, the president said.
The trade turnover between the two countries shrank last year, but was a positive dynamic in the first months of this year, Putin said.
