China and Russia will announce at the East Economic Forum the establishment of the Sino-Russian Fund for Regional Development of 100 billion yuan.
"One of the most important events for us this year at the East Economic Forum will be the establishment of the Russian-Chinese Fund for Regional Development," said Khin Qinwei, the State Council for Reform and Development, on June 7, and formally announced the establishment of the regional development fund. To establish this fund The formal ratification of the establishment of this fund is a big event for the two countries. "
He added that "the fund aims to develop bilateral regional cooperation, but the funds allocated to him provided by the Chinese side only."
"This is also closely related to Russia, because the fund management company has already registered the institution in Moscow, which will be responsible for selecting projects," he said.
"There will be an official ceremony, and we hope that the leaders of the two countries will be able to participate in it, but it is still difficult to talk about it. Everything will depend on their agenda," he said. Finished