17:54 GMT18 January 2021
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    More than 300 enterprises with Chinese investment are operating in the Russian Far Eastern Khabarovsk Territory.

    KHABAROVSK (Sputnik) – More than 300 enterprises with Chinese investment are operating in the Russian Far Eastern Khabarovsk Territory, totalling 45 percent of foreign investment, the local government said.

    "The total number of companies with Chinese investment among all enterprises with foreign investments exceeds 45 percent. Over 300 enterprises with investment from China are operating in the Territory," the Khabarovsk Territory government said Saturday.

    Chinese business is investing in trade, catering, construction, wood processing and exploration work, it specified.

    The stated total amount of Chinese investment into joint projects in Khabarovsk is 1.2 billion rubles ($16.5 million at current exchange rates).

    Among the newer plans is a joint multi-company cooperation agreement signed last fall to construct an assembly plant for a Chinese heavy duty Howo truck at the Komsomolsk territory of priority social and economic development.

    China’s investment activity in Khabarovsk Territory has increased with Moscow’s pursuit of its Far East development policy, the local government notes.

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    Tags:
    investment, China, Khabarovsk, Russia
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