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The Far East and North of China could become a single economic zone.
The Far East and North of China could become a single economic zone. This proposal was made by the Vice President of the PRC Li Yuanchao at the round table "Russia - China: Strategic Economic Partnership", which took place within the framework of the St. Petersburg Economic Forum.
As stated by the Vice-Chairman of the PRC, Russia has gigantic land resources, but it does not have enough people to develop them independently.
Russian youth choose white collar jobs for themselves, while there are many workers in China. "We must hurry up and benefit from this," concluded Li Yuanchao.
An interest in the joint development of agriculture was expressed by the executive director of China Investment Corporation Ding Xuedong, who reminded the roundtable participants that the two countries had already created a Russian-Chinese investment fund. However, despite the positive assessment of the fund's work, Chinese investors would like to take an active part in investment projects in Russia, primarily in agriculture and infrastructure.
China’s interest in the development of agriculture in Russia is primarily caused by the domestic problem of food security, experts say.
Agriculture of the PRC is developing quite fast, but still lags behind the growth in demand for agricultural products. According to official statistics of Beijing, in 2013, the total volume of agricultural crops harvested in the country increased by 1,5% compared to 2012 year and amounted to 601,94 million tons. Meat production increased by 1,8%, to 83,73 million tons. Nevertheless, the depletion of land, as well as population growth, make the Chinese Communist Party call food security the country's top priority.