Program of Regional Collaboration between Eastern Part of Russia and Northeast China: Present and Future
The author uses Russian and Chinese sources of information to analyze the current status and evaluate realization prospects of investment projects within the Cooperation Program between eastern regions of Russia and northeast China. State budget financed construction of transport and border infrastr...
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| Format: | Article |
| Language: | Russian |
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Economic Research Institute of the Far East Branch of the Russian Academy of Sciences
2014-06-01
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| Series: | Prostranstvennaâ Èkonomika |
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| Online Access: | http://spatial-economics.com/eng/images/spatial-econimics/2_2014/SE.2014.2.149-176.Izotov.pdf |
| Summary: | The author uses Russian and Chinese sources of information to analyze the current status and evaluate realization prospects of investment projects within the Cooperation Program between eastern regions of Russia and northeast China. State budget financed construction of transport and border infrastructure is being implemented as planned both in Russia and China. Sectoral distribution of key Program projects is found to be unbalanced: Russian regions specialize in mining and primary processing of natural resources while Chinese ones - in products with high share of added value. The study reveals that among 104 scheduled key Russian projects (at the cost of 47,9 billion USD) only 24 projects are under implementation (11,77 billion USD), 8 of which are carried out with the help of Chinese investments (1,77 billion USD). Joint ventures are connected with mining operations, primary processing of wood, construction of houses, manufacturing of building materials, assembly production and trade. Among 111 scheduled Program Chinese projects (at the cost of 9,87 billion USD) only 42 projects are under implementation (6,1 billion USD); they are associated with engineering products. There is only one Russian-Chinese joint venture on the territory of China (at the cost of 0,63 billion USD). The author suggests that in the near future 20 additional Program projects can be implemented in Russia (at the cost of more than 20 billion USD) and 6 projects (about 0,5 billion USD) - in China |
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| ISSN: | 1815-9834 2587-5957 |