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The reforms implemented by China create additional opportunities for Russian business - Ulyukaev

The reforms carried out by China create additional opportunities for Russian business, joint projects, primarily in the field of high-tech cooperation. Russian business is counting on making it easier to enter the promising and large-scale Chinese market. This was stated in an interview with the Xinhua news agency by the head of the RF Ministry of Economic Development Alexei Ulyukayev on the eve of an unofficial meeting of the leaders of APEC members in Beijing.

Answering the question about the impact of internal reforms in China on the APR, the head of the Ministry of Economic Development of the Russian Federation stated that the PRC is systematically pursuing a system reform of the model of economic development, reducing the dependence of GDP growth on traditional drivers - export trade and real estate sector, increasingly using new forms of economic growth, which include internal consumption and innovative infrastructure, a "green" economy. As the minister said, the decision taken by the Chinese leadership to increase the scale of political, economic and administrative reforms with the decisive role of market principles in their implementation has become a serious signal for the world community.

“The commitment of China to market principles of development, the continuation of the open economy gave foreign observers, including here in Russia, confidence in the economic stability of our partner, China, in the effectiveness of crisis management decisions. This, of course, will contribute to the stable development of the Asia-Pacific region, ”said A. Ulyukayev. 
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