Latest News:  
Beijing   Sunny    21 / 12 ℃  City Forecast

English>>Foreign Affairs

China, Russia have great potential to promote mutual investment: Chinese official


08:39, October 18, 2012

MOSCOW, Oct. 17 (Xinhua) -- There exists a great prospect for China and Russia to promote mutual investment, a visiting Chinese official said here Wednesday.

Zhang Guobao, vice chairman of Economic Affairs Committee of the Chinese People's Political Consultative Conference (CPPCC), made the remarks while addressing the First Moscow International Foreign Investment Forum, which kicked off Wednesday here.

China and Russia complement each other in their economies to a great extent and the two giant neighbors have great potential to promote mutual investment, he said.

Many Chinese enterprises would come to invest and build their businesses in Russia if the country, which has completed accession to the World Trade Organization, could improve investment environment, relax investment restrictions and perfect laws and regulations, Zhang said.

Meanwhile, the Chinese government has approved a bilateral regional cooperation fund, paving the way for further exchanges and cooperation between the two sides, said the official.

Since the beginning of its economic reform over 30 years ago, China has gained rich and useful experience in utilizing foreign investment, Zhang said.

Fostering a favorable investment environment, promoting efficient administrative processes and enhancing infrastructure conditions were among the key factors behind its success to attract investors, according to the official.

China was aware of the Russian government's efforts to improve its business environment, and believed more measures could be taken to build an investment-friendly environment, he added.

The two-day Moscow forum saw the attendance of hundreds of government officials and businessmen from around the world. Most viewed commentaries

Most viewed commentaries
China ready for protracted war with Japan Can US ‘enjoy' the downward slide? Can economic recession ring alarm bell for Japan?
China slams U.S. report on human rights US does not accept Japan's claims to Diaoyu Islands Anti-China election talk may harm ties


Leave your comment0 comments

  1. Name


Selections for you

  1. Nanjing MAC organizes actual-troop exercise

  2. Switzerland's Breitling Jet Team

  3. DPRK's top leader enjoys concert

  4. Exhibition marking 60th anniversary of NUAA

  5. Crazy BMW car plunges into river

  6. Sany's bid to usurp Caterpillar

  7. Asia's 1st rare Leica camera auction announced

  8. Actresses of Legend of Zhen Huan

Most Popular


  1. Editorial: Addressing the wealth gap
  2. 'Do the right things' for the economy
  3. Obama outperforms Romney in 2nd debate
  4. Commentary: Japan's propaganda war on Diaoyu
  5. To Put political label on Chinese investors unfair
  6. Tokyo's war crime recognition crucial
  7. China bashing: Shame on American politics
  8. Protectionism cuts both ways for US businesses
  9. Commentary: US politicians' hypocrisy
  10. Created-in-China products need promoting

What’s happening in China

Ferrari drivers survive high-speed crash

  1. Beijing's first govt shelter for abuse
  2. Most overseas returnees pick jobs at private firms
  3. Beijing's biggest transport hub gears up for action
  4. Cops blamed for death as crowds riot
  5. Foxconn apartment giveaway