Latest News:  


Heilongjiang plans heavy investment in Russia

By Zhang Baoping, Madison Wang (Xinhua)

08:06, April 01, 2013

HARBIN, March 31 (Xinhua) -- Northeast China's Heilongjiang Province is planning to increase investment in Russia by 1 billion U.S. dollars by the year 2015, and 2 billion dollars by 2020, local authorities said Sunday.

The province that borders Russia will also beef up its trade with the country, vowing to boost its trade volume to 26 billion dollars by 2015, and 52 billion dollars by 2020, sources with the provincial commercial department said.

Heilongjiang accounts for about a quarter of China's total trade with Russia. Trade between the province and Russia in 2012 rose 12.2 percent year on year to 21.3 billion dollars, according to a statistics communique released by the provincial government earlier this month.

Chinese President Xi Jinping has just wrapped up a four-state tour that included Russia as his first stop.

During the visit, Xi and Russian counterpart Vladimir Putin vowed to make full use of various cooperation mechanisms, and invigorate collaboration on large joint projects of strategic significance.

The two leaders also pledged to improve the structure of bilateral trade and strive to advance toward the goal of bringing bilateral trade to 100 billion dollars by 2015.

After Xi's visit, the Heilongjiang commercial department has held seminars to look into deepening economic and trade relations with Russia.

Department head Meng Xiangjun said Xi's visit to Russia would bring the economic and trade cooperation between the two countries to a new stage.

According to experts, Heilongjiang Province should push forward its cooperation with Russia in fields including energy, agriculture, forestry, infrastructure and logistics.

In the meantime, they say, it should work out industrial cooperation plans to take the lead in broadening Sino-Russian cooperation.

We recommend:

China's financial might takes shape

Top 10 Chinese cities with highest urbanization quality

Chinese investment in Africa: Digging deeper

Top 10 innovative cities in Asia-Pacific

Nation may limit gold to 2% of foreign reserves

Lu Zhaoxi named Alibaba's new CEO

Email|Print|Comments(Editor:ChenLidan、Ye Xin)

Leave your comment0 comments

  1. Name


Selections for you

  1. Knight Festival opens in Berlin

  2. Cherry blossoms bloom in Vancouver

  3. Patrol ship around Huangyan Islands

  4. Waterfowls seen in Three Gorges Reservoir

  5. Rescuers still searching for survivors in Tibet landslide

  6. Body found after Tibet landslide buries 83

  7. Beauties in China Fashion Week

  8. 10th anniversary of Leslie Cheung's death

  9. Detailed property curbs in Beijing, Shanghai

  10. New York Int'l Auto Show kicks off

Most Popular


  1. Xi's visit starts new era of China-Africa relations
  2. Opinion: It's high time to stop hijacking Tibetans
  3. Significant risks remain for global economy:BRICS
  4. BRICS summit offers bright sunrise
  5. Western leaders learned nothing from Iraq disaster
  6. Home prices thwarts people's 'Chinese dream'

What’s happening in China

Exhibition marks 10th anniversary of Leslie Cheung's death

  1. Troops, police assist Tibet landslide rescue
  2. Minibus falls off cliff in C China, killing 6
  3. Emergency response to Tibet landslide
  4. Guangxi truck overturning kills child, injures 6
  5. Central China school attack suspect prosecuted