China to Relocate Manufacturing Facilities to Russian Far East
China offers relocating its manufacturing facilities to Russia, the RZD-Partner quotes minutes of the meetings held between the Russian Ministry of East Development and Chinese State Committee for Development and Reform.
The parties have appointed 12 priority industries for facilities relocation: construction, metal works, power, machine-building, marine vessel building, chemical, textile, cement, telecom and agriculture. China considers the Russian Far East as potential site for its manufacturing facilities.
Russia may offer China tax benefits and establish joint ventures in the Far East, the Ministry of East Development commented.