Zhejiang firm to help agriculture in eastern Russia
By Zhong Nan in Beijing and Yan Yiqi in Hangzhou | China Daily | Updated: 2015-06-10 07:39
A company from Zhejiang province has obtained a 49-year land lease from Russia to develop modern agriculture and livestock industries on 115,000 hectares of uncultivated land.
The deal was sealed between a newly founded subsidiary of Zoje Resources Investment and Russia's Transbaikal regional government on Tuesday. The total contract value is 176 million yuan ($28.4 million)
The pillar business of Zoje Resources is industrial sewing machine manufacturing. It is listed on the Shenzhen Stock Exchange.
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