Sino-Russia Investment: Beyond energy and resources
BY ALB |
While there is no denying that the potential for China-Russia two-way investment levels to dwarf all others in the Asia-Pacific, the situation thus far has been anything but large. According to Russia’s Federal Customs Service, trade with China accounted for just 9.6 percent of Russia’s foreign trade during January to November in 2010, or $53 billion, up from 8.4 percent in the same period a year earlier. This is a far cry from the figure of 49.6 percent, the European Union’s share of Russia’s foreign trade.