MOSCOW TIME: 20.10.2019 04:04:38

Economy

Russia, China to establish research and technology innovation fund amounting to $1 bln

Russia, China to establish research and technology innovation fund amounting to $1 bln

The Russian Direct Investment Fund (RDIF) and the China Investment Corporation (CIC) will set up the Sino-Russian research and technology innovation fund worth $1 bln.

The Sino-Russian research and technology innovation fund will support projects aimed at development of new technology in key branches of Russian and Chinese economies with the focus on market commercialization. The fund will also make possible to focus on growing opportunities of technological exchange between Russia and China and promotion of cross-border innovation projects implemented by Chinese and Russian companies, RDIF says.

"The Russia-China research and technology innovation fund will help to significantly broaden the range of areas, where interaction with our Chinese colleagues is carried. We expect its operations will make possible to make a significant contribution into development and rollout of the most state-of-the-art technologies and solutions for development of economies of our countries and further strengthening of the partnership," RDIF Chief Executive Kirill Dmitriev said, cited by the press service.

RDIF and CIC established the Russia-China Investment Fund (RCIF) in 2012, which invested over $7 bln into more than 30 projects, with accounting of funds of the partners.

Source:TASS

:

Russia China innovation

Share this:

Share this Share this Share this

NEWS


26.09.2019 Vietnam-Russia Bilateral Ties Deepen, Boost Investment

Russia was one of the first countries to establish diplomatic relations with Vietnam, laying the groundwork for a strong bilateral and economic relationship between the countries.

04.09.2019 Russias trade turnover with African states up 17% in 2018

Russias trade turnover with the African states increased by more than 17% in 2018 to $20.4 bln. A representative of the Russian Foreign Ministry told TASS that the majority of...

21.08.2019 Taiwanese delegation to promote agriculture in Russia

A Council of Agriculture-led delegation from Taiwan is to travel to Moscow on Wednesday next week to take part in a two-day promotion of Taiwanese agricultural products.

EVENTS


16.09.2020 Mining and Metals Central Asia 2020

Mining and Metals Central Asia is a professional platform to demonstrate achievements of Kazakhstani and foreign manufacturers of equipment, services, and developments in the field...

16.09.2020 Kazcomak 2020

Kazakhstan International Road and Heavy construction, Communal machinery exhibition

INTERVIEWS


18.04.2018 Pskov State University Increases Its International Student Body Thirty...

Higher education can be a profitable export business, provided the system is built correctly and qua...

FEA Education


03.05.2017 Anna Trubetskaya: "Business should be built on Russians"

About the models of business development in another country and professional secrets is told by a practicing expert on work in international markets Anna Trubetskaya

Our partners