Russian and Chinese entrepreneurs optimistic about prospects for cooperation, says survey
Russian companies consider China to be an attractive market for their business, according to a joint survey by EY and the Russia-China Investment Fund (RCIF), which was established by the Russian Direct Investment Fund (RDIF) and China Investment Corporation (CIC).
The size of the Chinese market and the possibilities it offers for high returns on investment were named among the biggest attractions for the Russian companies participating in the survey.
A similar view of the Russian market was shared by the Chinese businessmen polled as part of the survey. More specifically, 73 per cent of the Chinese respondents said they would consider business development opportunities in Russia. According to the survey, 92 per cent of the respondents who are already present in Russia are optimistic about the prospects of the local market.
The results were presented today during the meeting of the co-chairs of the Business Advisory Committee (Committee), which took place within the framework of the Fourth Session of the Intergovernmental Russian-Chinese Commission for Investment Cooperation.
As part the committee, chaired by the RDIF CEO Kirill Dmitriev and CIC president Tu Guangshao, the participants discussed the progress of the priority investment projects. To date, the commission participants have jointly launched 73 projects worth over USD100 billion, with seven projects having already been completed.
Dmitrievsays: “We are very pleased that Russian and Chinese businesses are able to effectively discuss and eliminate any existing barriers to successful cooperation as part of the work of the Russian-Chinese Commission and the Committee. Within the framework of these discussions, we have not only succeeded in identifying and resolving obstacles to joint investment, but we have also facilitated the implementation of several investment projects. We look positively at the prospects for business relations between the two countries and are happy to provide all-round investment support to our Chinese partners through the Russia-China Investment Fund.”