Infrastructure cooperation with Russia set to be enhanced

China and Russia are exploring options to enhance Chinese investment in big-ticket Russian infrastructure projects, along with steps to provide flexible financial support from lenders in both countries, government officials said.

Ling Ji, director-general of the department of Eurasian affairs at the Ministry of Commerce, said several new areas of cooperation have opened up in Russia as a result of its economic restructuring. Large-scale infrastructure projects, including energy and resource exploration, manufacturing, aviation, nuclear power and shipbuilding, offer the best potential due to their long-term and strategic significance, he said.

Russia has been contemplating steps to increase foreign investment in the country to boost trade and modernization and to find new business growth points.