Chinese Enterprises Set Up Industrial Parks In Russia To Promote The Development Of Local Garment Industry

"The trade situation between China and Russia has changed, from the past simple trade to trade and investment, and investment is bound to play a role in promoting specific projects."

Song Kui, a researcher at Northeast Asia Institute of Heilongjiang Academy of Social Sciences, said.

The fund held a symposium on domestic and overseas projects in Harbin, Heilongjiang Province recently. At the meeting, there were 25 cooperation projects between Russia and Heilongjiang in Harbin province. They were related to overseas parks, forest cutting and wood processing, agricultural planting, energy and mineral resources development, trade cooperation, modern logistics and cross-border infrastructure.

Song Kui believes that this investment fund will help to solve the financial difficulties of Russian Chinese funded enterprises, and facilitate cooperation between China and Russia from general cooperation to industrial cooperation.

The Sino Russian investment fund was established in 2011 by CIC and the Russian direct investment fund and the Russian National Development Bank. The only definite restriction is that the fund's capital should be no less than 70% and should be invested in Russia and CIS countries.

According to Song Kui, Chinese enterprises are very difficult to apply for loans in Russia and often face financial difficulties.

Sino Russian investment funds can help these enterprises solve practical difficulties and promote their expansion of production.

Up to the end of 2011, Heilongjiang province has invested 930 enterprises in Russia by state approval. Currently, 400 large-scale investment projects have been invested in Russia, and investment accounts for more than 1/3 of the total investment in Russia.

Song Kui said that a new mode of trade cooperation has emerged, namely, the establishment of Chinese funded enterprises in Russia.

To achieve localized production.

"Transporting raw materials and semi-finished products to the overseas industrial parks for processing and production can avoid tariff barriers. For Russia, it is" processing industry ".

As far as the effect of overseas industrial parks on local economic diversification is concerned, Song Kui believes that this can lead to the development of local related industries, such as

The production and processing of packaging, advertising, logistics and retailing.

With the continuous maturity and improvement of economic and trade cooperation between China and Russia, the interests of both sides have gradually blended in the same organism, and more and more projects will win.

Lou Jiwei, chairman of the China Investment Corporation, said that Russia hopes that the investment of the investment fund in China can take on Russian factors. CIC also hopes that the investment in Russia can take part in China.

After completing the investment, it will also promote the export of domestic equipment and technology, and realize the effective integration of "going out" and "bringing in".

At the end of 2011, the eighth Ministerial Conference of the WTO approved Russia's accession to the WTO. As a result, the past "single fight", "gray customs clearance" and "buy and sell" phenomenon of Sino Russian border trade will be gradually suppressed, and the trade order between the two countries will become standardized and large-scale.

Song Kui believes that the future cooperation between China and Russia will gradually develop into a synchronous operation, and the local cooperation will be strengthened.

The cooperation between the two countries in different fields will no longer be "hot and cold". Cooperation and exchanges will also be smoother. The cooperation between the two countries, especially the border areas, will become more frequent and intensified.