PART OF CHINESE "DIRTY" INDUSTRY TO BE PLACED IN RUSSIA

Moscow agreed to place part of China's chemical, metallurgical and textile enterprises on the Russian Far Eastern. This was reported by web resource of the Ministry for Development of the Russian Far East.

Previously China took the initiative of export of its manufacturing facilities in 12 sectors: construction industry, metallurgy, energy, machine building, shipbuilding, chemical industry, textile industry, cement industry, telecommunications and agriculture.

Representatives of the ministry stated, that Russia is ready to cooperate with Chinese partners. The Department Director Rustam Makarov noted, that enterprises, which will be created within the territories of priority development and free port Vladivostok, will receive significant tax benefits and administrative preferences.

"We are ready to accept Chinese enterprises as well as set up joint export-oriented productions in the Far Eastern territory," said Makarov.

Recall, that previously Russia announced its plans to transfer 115,000 hectares of farmland in Transbaikal region and Mohoytuysku industrial park for China to long-term lease for up to 49 year.

Source: HB