China intends to develop the North Caucasus Federal district the production of Assembly machines, said the head of Minkowksi

© RIA Novosti / Vitaly Recostruct plant works on the Assembly line cars. Archival photo<img src="/wp-content/uploads/sites/5/2018/10/8e672690195f02fbd85d01a3777399e3.jpg" alt="China intends to develop the North Caucasus Federal district the production of Assembly machines, said the head of Minkowksi” />© RIA Novosti / Vitaly ANEC

Chinese business is ready to invest in automotive companies and energy complexes of the North Caucasus, and to develop in the macro-region of production for the Assembly of household appliances and cars, said in an interview with RIA Novosti the head of Minkowksi Sergey Chebotarev.

According to the Minister, cooperation with China is economically beneficial to the North Caucasus, because China has accumulated a unique experience in the sectors that are actively developing in the district, including agriculture and tourism.

«We are interested in the cooperation with this country, including in the context of the project «One belt and one road», which has good prospects for passing through the North Caucasus. Of course, the degree of participation in the project of our Federal district will be determined on the basis of the Russian interests and the need to pair this project with the activities of the Eurasian economic Union,» — said Chebotarev.

He recalled that in the summer in the North Caucasus was visited by the delegation headed by the Chinese Ambassador to Russia Mr. Li Hui.

«Getting acquainted with investment potential, travel opportunities. They show interest in investing in joint enterprises and tourism development. Chinese partners want to invest in automotive companies, energy facilities, are ready to develop production in the North Caucasus, in particular, for Assembly of household appliances and cars. By the way, in Karachay-Cherkessia and the Stavropol region there are similar plants,» — said the head of Minkowksi.

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