News Analysis: Right time for China to boost investment in Russian Far East (2)

PEER COMPETITION FROM SOUTH KOREA, JAPAN

As the Far East embraces foreign investors as a whole, South Korea and Japan could become major rivals to China, Hu Bing, president of the Russia-China Investment Fund, told Xinhua.

"South Korea has invested quite a few projects, with a focus on manufacture and agriculture, in the Far East, especially in Vladivostok," Hu said.

Japan has not invested as much as South Korea but it has been interested in the agriculture and livestock industries and was considering setting up operations there.

China, Hu said, had its own advantages as the two countries share a long borderline.

Moreover, the RCIF, a 2-billion-U.S.-dollar joint fund established when President Vladimir Putin visited China last June, could serve as a fundamental platform for firm investment growth into the Far East.

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