Chinese firms eye lucrative investment opportunities

BEIJING - As Russia restructures its economy and reduces its reliance on commodities, more investment opportunities are awaiting Chinese companies.

Fuyao Glass Industries Co Ltd, one of the world's largest auto glassmakers, said it plans to invest $200 million in a glass factory in Russia.

"The new factory is the company's first plant on foreign soil and it will start production by the end of the year, supplying glass for more than 3 million cars annually," Cao Dewang, chairman of Fuyao, told China Daily.