2016-06-24T120000Z_1412313448_MT1IMGCNPBU46674401_RTRMADP_3_CHINA-TO-SET-UP-15-BILLION-USD-FUND-FOR-RUSSIAN-JOINT-PROJECTS (1)

Photo: Chinese and Russian national flags flutter on a lamppost on the Tian’anmen Square in Beijing, China, 24 June 2016. China is working for the establishment of an investment fund worth 100 billion yuan (15.3 billion U.S. dollars) to finance regional cooperation projects between China and Russia, Chinese Vice Premier Wang Yang said on Thursday (7 September 2017). China is ready to increase the scale of the investment fund and suggest the Silk Road Fund finance China-Russia joint programs, Wang said in a speech at a commercial conversation on the sidelines of the Third Eastern Economic Forum in Vladivostok, a major Pacific port city in Russia. He said the Chinese government encourages enterprises to invest in Russia’s Far East and expand cooperation in manufacturing, resources exploitation, infrastructure, agriculture and tourism. Credit: REUTERS