The list of major Russian-Chinese projects is updated!

Recently, a meeting of the Russian-Chinese Intergovernmental Commission on Investment Cooperation was held in Moscow, which once again sent a positive signal to the outside world that Russian-Chinese investment cooperation will continue to deepen. At the same time, Russia and China agreed on updating the list of important projects for investment cooperation, a series of projects with a total investment of more than $138 billion. In what areas are these projects concentrated? What are the new trends in Russian-Chinese trade and economic cooperation? What are the most promising areas of cooperation between Russia and China?
The list of major projects amounts to more than 60
On July 22, a meeting of the Russian-Chinese Intergovernmental Commission on Investment Cooperation was held in Moscow.
On the same day, Russia and China agreed on updating the list of important projects for investment cooperation, First Deputy Prime Minister Manturov said.
Summarizing the meeting, Manturov said, “I think we had a very timely and productive meeting. It was crucial to reach agreement on updating the list of major projects. There are more than 60 of these projects with a total announced investment of more than $138 billion.”
China put forward a four-point proposal to continuously enhance the effectiveness of bilateral investment cooperation. First, strengthen the planning and leadership of investment cooperation, and provide guidance for China-Russia investment cooperation to go deeper and more practical. The second is to strengthen communication, coordination and close cooperation, and promote the early implementation of cooperation projects. Third, tap the potential of investment cooperation and better local cooperation. Fourth, strengthen policy support and actively create a favorable investment environment.
Russian Presidential Press Secretary Dmitry Peskov recently told reporters, “Our relations with China will proceed from the common background of bilateral relations, from the common atmosphere of the strategic partnership of collaboration with China, from such an atmosphere based on very constructive and good relations between the heads of state of our two countries, and we intend to proceed along the path of the development of Russian-Chinese relations in all fields continue to move forward.”
Chinese Foreign Ministry spokesman Mao Ning said at a regular press conference on July 22 that China and Russia are both independent and autonomous powers, and that normal cooperation between China and Russia is not directed against third parties and is not subject to external interference or coercion.
About 3,000 cooperation projects have been launched in three years
According to Russia’s Moskovsky Komsomolets, China and Russia have launched about 3,000 cooperation projects in the past three years. Most of the projects are currently in the implementation stage, with investments focused on mining, chemistry, infrastructure and agriculture, according to Surana Radnaeva, general director of Russia’s Sinoruss consulting company. The Russian side will provide tax reductions, loan concessions and other support for projects implemented in Russia.
Also according to Yuri Trutnev, Deputy Prime Minister and Plenipotentiary Representative of the President of Russia in the Far Eastern Federal District, the trade turnover between the Russian Far Eastern Federal District and China alone has doubled in 10 years and will reach 2 trillion rubles in 2023.
Trutnev added: “With the participation of Chinese capital, 51 investment projects are being implemented in the Far East with a total investment of 817 billion rubles. These include the construction of the Amur gas-chemical complex with an investment of more than 700 billion rubles and a number of other projects.”
In recent years, the scale of China’s investment in Russia has been expanding, and the mode of investment has changed from greenfield investment to equity participation, mergers and acquisitions and other diversified directions, and green development is the general trend. Various types of economic and trade parks continue to emerge in Russia, and Chinese-funded enterprises are actively exploring localized production in Russia. Cooperation between the two countries on major projects in various fields is progressing smoothly. The Heihe Boundary River Highway Bridge and Tongjiang Boundary River Railway Bridge have been opened to traffic one after another, and connectivity projects such as the “Binhai No. 1” and “Binhai No. 2” Land-Sea Intermodal Transportation International Transportation Corridor, the China-Mongolia-Russia Economic Corridor, and the China-European Union (CEU) shuttle train are being promoted.
It is analyzed that China and Russia have strong economic complementarities, including complementary economic structures, market complementarities, technological complementarities and labor force complementarities. With the steady progress of investment and project cooperation between the two countries, the cooperation mechanism is becoming more and more perfect, the potential of cooperation and complementarity will be released to a greater extent and become a new growth point of economic and trade cooperation, boosting the high-quality development of economic and trade cooperation between the two countries.
Northeast ports reflect the new trend of cooperation with Russia
“Tongjiang railroad port loading station import and export freight volume to a new high”, “Twin Cities ushered in two-way travel fever”, “Heixiazi Island, China-Russia International Cooperation Demonstration Zone Construction The overall program is ready to be launched”, “Red Flag Automobile Town has become a wind vane for cooperation with Russia”, “The signing of a new joint statement by the heads of state of the two countries has brought more business opportunities for cooperation between China and Russia in the Northeast and the Far East. “……
All of the above are the deepening of cooperation with Russia in Tongjiang, Fuyuan, Suifenhe, Heihe, Hunchun and other border cities witnessed by Gala Zhigang, a researcher at the Institute of Northeast Asian Studies of the Heilongjiang Academy of Social Sciences and the chief expert of the Institute of Northeast Asian Studies, in the process of researching various topics in recent times. The latest trends.
Gala Zhigang pointed out that these scenes and atmospheres from the port corridor, port industry and port economy not only let people capture the trend of local exchanges to help accelerate the development of China-Russia cooperation, but also let people feel the broad prospects for deepening the China-Russia Comprehensive Strategic Collaborative Partnership in the new era, and the vitality and potential of the Northeast-Far East cooperation came to the surface.
Chinese herbs, food, soybeans, fresh aquatic products, meat products …… Suifenhe, Heihe, Tongjiang and Hunchun and other border trade commodities imported, landing processing in full swing, the port people practicing “buy all of Russia to sell the whole country, buy the whole country to sell the whole of Russia,” the goal and mission, which also This also reminds us to look back at the evolution of the development of economic and trade cooperation with Russia in the Northeast region. From “backpack” to “backpack”, from “barter” to “cash”, from bulk trade to container trade, from trade in goods to trade in services, from trade in goods to trade in services, from trade in goods to trade in services, from trade in goods to trade in services, from trade in goods to trade in services. From trade in goods to trade in services, from cross-border trade to digital trade, the forms and levels of Sino-Russian local cooperation are constantly being upgraded.
What are the most promising areas of cooperation between Russia and China, given that cooperation in various fields is in full swing and proceeding efficiently and effectively?
In this regard, the Chinese Ambassador to Russia, Zhang Hanhui, recently answered the China-Russia economic and trade related issues, pointed out that China and Russia are each other’s fellow travelers on the road of development and revitalization, and the pragmatic cooperation between the two countries presents the characteristics of a stable basic plate, sufficient driving force and strong complementarity. At the new historical starting point, the two countries will continue to give full play to their respective advantages, steadily promote cooperation in traditional fields such as energy, resources, aviation, space, tourism, education and agriculture, and continuously release the potential of cooperation in emerging fields such as scientific and technological innovation, cross-border e-commerce, automobile manufacturing, artificial intelligence and green development.