20 June 2013
At present, China and Russia are both actively implementing an important consensus and agreements reached between the Heads of the two countries during their meeting in Moscow. Cooperation in tourism is a very important part of the economic and trade cooperation between the two countries. China and Russia are both important tourist destinations for each other and the potential of tourism cooperation between the two countries is huge.
The development of tourism is inseparable from infrastructure construction, however, the infrastructure of Russia is relatively lagging, which has certain consequences on the development of its tourism sector. With the Russian government increasing the investment in the infrastructure sector, as well as such activities as Tourism Year between China and Russia, investment in tourism infrastructure is expected to be enhanced and promoted. In addition, local governments are also actively seeking foreign investment, which is beneficial to the promotion of general regional economic development.
Chinese investment in Russia only accounts for a very small part in the total Chinese outbound investment, but with the rising of the level of economic and trade cooperation between China and Russia, investment cooperation between the two countries will rapidly develop, especially that, through holding activities such as project promotion meetings, the investment cooperation between the two countries would be further promoted.