• Thursday, July 16, 2020

Chinese Companies Stay in Russia Despite Economic Turmoil

Discussion in 'China & Far East' started by TaiShang, Mar 21, 2015.

  1. TaiShang

    TaiShang ELITE MEMBER

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    Chinese Companies Stay in Russia Despite Economic Turmoil / Sputnik International

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    The president of the Association of Chinese Entrepreneurs in Russia said that Chinese companies are not leaving the Russian market despite economic difficulties in the country.

    MOSCOW (Sputnik) — Chinese companies are not leaving the Russian market despite economic difficulties in the country, Cai Guiru, the president of the Association of Chinese Entrepreneurs in Russia, told Sputnik.

    "Over the past several years, Chinese companies have been greatly impacted by the economic crisis. They are all members of the association. I told them that the situation in Russia was improving. Not one company has left. On the contrary, we have managed to bring in new investors," Guiru said.


    [​IMG]
    Gazprombank to Expand Into Asia With 'A-' From Chinese Rating Agency


    She said that big changes were taking place in Russia and that the investment climate was changing for the better, with such companies as Great Wall, Lifeng and Zoomlion expanding their presence in the country.

    Guiru also noted that China was willing to invest in Russia's Far East but faced certain difficulties, legislation being one of them.

    "One and the same legislation is interpreted differently by different lawyers… A company may comply with one legal provision but be in violation with another," she said.

    Guiru said that China was very interested in exports from Russia, including agricultural goods, chemical products and mineral resources, among other things.

    On Thursday, Kremlin Chief of Staff Sergei Ivanov said that Russia-China relations were at a level never seen before.

    According to Chinese Foreign Minister Wang Yi, the trade volume between the two countries stood at $90 billion in 2013 and was expected to hit $100 billion in 2015.
     
  2. TaiShang

    TaiShang ELITE MEMBER

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    Putin Set to Make China Trip
    2015-03-21

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    Photo taken on March 18, 2015 shows the Russian President Vladimir Putin is delivering a speech in the Kremlin, Moscow. [Photo: Xinhua]


    Russian President Vladimir Putin will visit China later this year to attend events marking the 70th anniversary of victory in the world's anti-fascist war.

    He is the first leader who has reportedly confirmed plans to attend the commemoration events in China.

    Foreign Ministry spokesman Hong Lei said on Friday that China welcomes the Russian leader's plans to attend.

    Interfax news agency reported on Thursday that Russian Presidential Administration chief Sergei Ivanov confirmed Putin's plan to visit China.

    Ivanov had talks with Li Zhanshu, a visiting senior official from the Communist Party of China, on Thursday. Li is director of the CPC Central Committee's General Office.

    A meeting between Putin and Li was held earlier on Thursday at which good wishes and greetings from the two presidents were exchanged.

    Putin told Li that he expects President Xi Jinping will visit Moscow for celebrations marking the 70th anniversary of victory in the Great Patriotic War on May 9.

    Putin said the two countries' joint celebrations to mark the 70th anniversary of victory in World War II will "guard against attempts to beautify invaders, champion historical justice and protect world peace".

    Li said Xi values highly the evolving Sino-Russian relationship and "cherishes the good personal relationship and friendship with his Russian counterpart".