Xu Fushun Meets with Alexei Chekunkov, CEO of the Far East and Baikal Region Development Fund, Russia

On November 16, 2016, Vice Chairman Xu Fushun met with Mr. Alexei Chekunkov, CEO of the Far East and Baikal Region Development Fund, Russia (FEDF).

Chekunkov said that FEDF is a state policy fund with the aim of promoting economic and social development in the Russian Far East and Baikal region. He talked about the region’s key development sectors such as resource exploitation and processing, transportation and logistics, agriculture, tourism and related infrastructure, and the favorable terms granted by the government of Russian Federation to investors. He hoped that more Chinese SOEs would invest in the region.

Xu Fushun pointed out that central SOEs have gained experience in international operation in recent years, and are competitive in the sectors mentioned above. He said that SASAC is active in propelling the consensus reached by China and Russia in cooperatively developing the Far East region and believes that the cooperation is promising. Xu Fushun emphasized that Chinese central SOEs are independent market entities that make independent operational decisions according to laws. Central SOEs’ ownership does not affect their positive role in promoting social and economic development and improving people’s livelihood at their investment destinations. He hoped that Russia could accelerate the fulfillment of its preferential policies and the construction of relevant infrastructure, boosting effective cooperation between the two sides.

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