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Economy

China to invest more in Russia's Far East

1
2016-03-07 13:07Xinhua Editor: Gu Liping
Chinese Minister of Agriculture Han Changfu gives a press conference on the sidelines of the fourth session of China's 12th National People's Congress in Beijing, capital of China, March 7, 2016. (Xinhua/Li Xin)

Chinese Minister of Agriculture Han Changfu gives a press conference on the sidelines of the fourth session of China's 12th National People's Congress in Beijing, capital of China, March 7, 2016. (Xinhua/Li Xin)

China is encouraging more enterprises to invest in agriculture in Russia's Far East, Minister of Agriculture Han Changfu said on Monday. [Special coverage]

Investment of enterprises from Heilongjiang Province, which borders Russia, has yielded handsome returns, Han said at a press conference on the sidelines of the national legislature annual session.

The minister said he expects more Sino-Russo cooperation in agricultural research and development as well as professional training.

China and Russia have had a solid foundation to expand agricultural cooperation, a significant aspect of bilateral ties, Han said.

Responding to queries about Sino-U.S. farm produce trade, Han said the world's two biggest economies also have sound cooperation with mutual benefits.

About 25 percent of U.S.-made soybeans, largely genetically modified organisms, were exported to the Chinese market, the minister said, underscoring that safety checks have been conducted by the two sides.

  

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