China and Russia are expected to enhance their economic ties in the Russian Far East amid the ongoing U.S.-China trade frictions, with help from the Russian federal government's ambitious plan to attract more Chinese investment, especially in agriculture and manufacturing, reports ECNS.cn.
Bilateral trade between China and Russia maintained double-digit growth in 2018, and is expected to reach $100 billion by the end of this year, according to the Chinese Ministry of Commerce website.
Under the ongoing China-U.S. trade frictions, China and Russia will find new opportunities in different sectors, particularly in agriculture.
The government of Northeast China's Liaoning Province is expected to sign an agreement with STO Express' Russian subsidiary during the forum to further facilitate grain transportation between the two countries.
Russia offered to lease 2.5 million acres of land to China for agricultural development and several Chinese investors appeared enthusiastic, media reported in April.
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