The China Times

Putin: China does not threaten Russian economy

February 27, 2012

Representatives from government, business and experts support the Prime Minister and presidential candidate Vladimir Putin that China is not a threat to Russian economy, and agree with the need to properly build relationships with Chinese corporations, as they are the main potential investors of Siberia.

On Monday, the newspaper “Moscow News” published an article by Putin, “Russia and the changing world” about foreign policy. The presidential candidate, in particular, stated that “the growth of the Chinese economy – not a threat but a challenge that carries a huge potential for business cooperation, the chance to catch the Chinese wind in the sails of our economy.” Putin called for “actively build new cooperative ties, matching technology and manufacturing capabilities of our countries, using Chinese capacity for economic development of Siberia and the Far East.”

Honored Economist of the Russian Federation Rifat Huseynov from Novosibirsk stressed loyalty to Putin’s thoughts regarding the establishment of mutually beneficial cooperation with China and at the same time, noted the need to remove the “irritation factor” in the form of undeveloped resources of Siberia and the Far East.

“We must not forget that today our destiny in general is depend on the buyers of export goods. China has become one of the most important and the existing and potential customers of our raw materials and energy resources. The faster China’s economy develops, the more beneficial to us” – said Huseynov.

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