Russia, China select 58 projects requiring investment totaling $50 bln

A Russian-Chinese commission on investment cooperation has selected 58 commercial initiatives for implementation, which require investment amounting in total $50 billion, Russian President Vladimir Putin said.

"The commission on investment cooperation, which had a meeting yesterday, selected 58 various commercial initiatives requiring investment totaling $50 billion," Putin told journalists following negotiations with Chinese leader Xi Jinping in Beijing on June 25.

Twelve of these projects are already being implemented, he said.

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