China to invest more in Russia’s Far East

China is encouraging more enterprises to invest in agriculture in Russia’s Far East.

That is according to Minister of Agriculture Han Changfu.

Han made the remarks Monday at a press conference on the sidelines of the national legislature annual session.

SOUNDBITE (CHINESE) HAN CHANGFU, Minister of Agriculture:
“Investment of enterprises from Heilongjiang Province, which borders Russia, has yielded handsome returns.”

And he expects to see more Sino-Russo cooperation in agricultural research and development as well as professional training.

Han said China and Russia have had a solid foundation to expand agricultural cooperation, a significant aspect of bilateral ties.

Responding to queries about Sino-U.S. farm produce trade, Han said the world’s two largest economies also have sound cooperation with mutual benefits.

The minister said about 25 percent of U.S.-made soybeans, largely genetically modified organisms, were exported to the Chinese market.

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