Outdated Infrastructure Investment and Russia

: Experts said outdated infrastructure and investment shortage still blocked the development of the Far Eastern regions, according to Xinhua China. Also, considering the differences in legislation, economic environment and mechanism, both China and Russia should join efforts in the coordination of customs and quarantine inspection procedures. The three-day EEF, which ended Saturday, is an annual event proposed by Russian President Vladimir Putin to speed up the development of eastern Russia and expand multilateral cooperation in the Asia-Pacific region. According to the experts, Russia labor import quota is another problem waiting to be solved, which directly weakens the business conditions of Chinese companies in the country. As the largest but less populated region in Russia, the nine Far Eastern federal districts enjoy rich natural resources of mineral, forest, fishing and so on. However, despite the challenges, participants still depicted a quite promising blueprint of China-Russia cooperation in the Far East development. (news.financializer.com). As reported in the news.