Russia, China Unveils Joint Investment in High Tech Development

The Russia-China Investment Fund (RCIF) and China’s Tus-Holdings on Tuesday announced this week a joint investment plans which would pour $1.28 billion in Moscow’s Tushino Project Technology Park.

Kirill Dmitriev, Co-CEO of RCIF said that the partnership will aim to achieve breakthroughs in the area of advanced technologies and facilitate their early implementation.

The group which oversees the billions in investment, the Russian-Chinese Business Advisory Committee, held its annual meeting this week during the Eastern Economic Forum in Vladivostok, Russia. The committee is composed of 150 representatives from “leading Russian and Chinese companies.

Source: Reuters

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