Russian-Chinese Intergovernmental Commission approves 29 new projects worth over $20 billion

Russian First Deputy Prime Minister Igor Shuvalov and China's Vice Premier Zhang Gaoli have conducted the second meeting of the intergovernmental commission on investment cooperation.

Russian First Deputy Prime Minister Igor Shuvalov and China's Vice Premier Zhang Gaoli have conducted the second meeting of the intergovernmental commission on investment cooperation.

"The Shuvalov-Zhang Gaoli commission has approved new 29 projects worth over $20 billion. The total number of the commission's projects is 58. The projects are in the areas such as the construction of high-speed railway mainlines, the production of industrial equipment, innovative materials, construction materials, automobiles, the extracting industry and metallurgy, chemical industry, agriculture, and forestry," Russian Deputy economic development Minister Stanislav Voskresensky told reporters at the St. Petersburg International economic Forum 2015 on Thursday.

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