Chinese Delegation Largest at East Russia Economic Forum

© Sputnik / Alexander Vilf / Go to the photo bankVladivostok and Russky Island
Vladivostok and Russky Island - Sputnik International
The first EREF will take place in the city of Vladivostok, in Russia's Far East, on September 3-5. Russia plans to stimulate the development of the Far East by building the Territories of Priority Development (TPD) in the region, and it is hoped the forum will attract investors for these projects.

MOSCOW (Sputnik) – China will have the largest delegation at the East Russia Economic Forum (EREF) in the city of Vladivostok on Russia's Pacific coast, Deputy Minister of the Far East Development Maksim Shereikin told Sputnik Thursday.

“The [Chinese] delegation will probably be headed by Vice Premier of the State Council of China Wang Yang. The delegation of Heilongjiang Province headed by governor Lu Hao has also confirmed its attendance,” Shereikin said.

Tiananmen Square in Beijing, China - Sputnik International
China Ready to Invest in Every Sector of Russian Economy
He added that over 40 entities, including China Construction Bank, China State Shipbuilding Corp., ICBC have registered to participate in the forum.

According to the EREF organizing committee, about 98 percent of Russian diamonds, 50 percent of gold and about 40 percent of the county’s marine products are produced in the Far East regions of the country, but sustainable development for the region needs investment both at the local and international level.

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