Chinese Pavilion expects intense interest
July 8, 2015
Heavy traffic is predicted through the Chinese Pavilion at NEVA 2015, reflecting shipbuilding’s valued position in bilateral agreements reached during May’s Moscow visit by Chinese leader Xi Jinping.
With Russian President Vladimir Putin due to visit Beijing in early September, long predicted closer economic ties between the two nations are becoming a reality.
The strengthening economic and financial ties support the desire expressed by both governments to increase in bilateral trade volume to $200 billion by 2020, which will require an average increase of over 13 percent year-on-year for the next six years.
The various bilateral agreements signed took in far reaching arrangements on finance, energy, metals, transport, and even satellite technology. However, the specifics also included a memorandum on science and technology cooperation between United Shipbuilding Corporation and telecommunications company Huawei Technologies.
In his letter of support for NEVA 2015, USC President AL Rakhmanov disclosed commercial shipbuilding plans up to 2020 that include the cultivation of a world-class ship equipment sector. He invited International companies to open factories in Russia, either independently or jointly with Russian Federation partners.