#1 "Red China Takes Over The Russian Far East !"
02-15-2011, 07:22 PM
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- Aug 2005
Beijing investing more in Russian Far East than Moscow;"Beijing’s clear state policy to assimilate new territories.”
China is “investing far greater funds in Russia's Far East than the Russian Government” and called the imbalance “Beijing’s clear state policy to assimilate new territories.” The newspaper cites an official Xinhua press report on investment in the Russian Far East claiming that Chinese investors have established 34 special Chinese economic zones in Russia’s Amur Oblast, Maritime Kray, Khabarovsk Kray, and the Jewish Autonomous Region, where they have invested a total of $3 billion mostly in resource extraction.
Chinese entrepreneurs also hope to open industrial and agricultural zones in Russia,
including processing zones, stock raising, construction, timber cutting, and wholesale markets. To oversee the construction and development of China’s industrial and agricultural zones in Russia, the Heilongjiang provincial administration has created a special leading group.
The Russian paper reported that in 2011, Moscow’s total transfers to these regions' – $170 million for Amur Oblast, $74 million for the Jewish Autonomous Region, $234 million for Khabarovsk Kray, and $344 million for Maritime Kray – are under one third China’s investment.
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