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China Daily, Hong Kong & US Editions, 30.03.2015

Beijing, Moscow mull $75 billion in projects

China and Russia are mulling over 32 joint projects worth a total investment of up to $75 billion, Kirill Dmitriev, CEO of Russian Direct Investment Fund, the country's sovereign wealth fund, told Global Times. The projects include a petrochemical project between Chinese oil giant Sinopec Ltd and Russian petrochemical company Sibur, a project between Russian aircraft company Sukhoi Superjet and a number of Chinese investors to help the former expand its business in China, and a major metal project called Udocan, close to the China border. The projects, covering metals, agriculture, infrastructure and industries, were discussed at a meeting held on Monday in Beijing by a consultative committee of entrepreneurs.