Want... China's state-owned food processing company, China National Cereals, Oils, and Foodstuffs Corp. (COFCO Group), has announced plans to build two warehouses, each with a capacity of 100,000 tonnes, on the most southeastern region of Russia bordered by China and North Korea, Shanghai-based Guancha Syndicate reports.
The company is especially interested in the Mikhailovsky priority development territory in Russia's Primorsky Krai. It is the only territory focusing on food production, processing and agricultural logistics among the nine priority development territories permitted by the Russian government, said Chi Jingtao, vice president of COFCO Group, during the China-Russia Expo in Harbin.
Enterprises investing in the priority development territory are being offered zero profit tax and land tax, in addition to zero tariff and loan subsidies and low rental expenses. Their insurance expenses can be lowered to 7.6% from 30% after ten years of operation in the area. The Russian government will pay for any infrastructure, including roads and electricity, the report said. Related News
Other Chinese investors are also interested in the Mikhailovsky priority development territory as well. For example, China CAMC Engineering plans to invest in a processing factory for oils and soybeans, with a capacity of 3,000 tonnes per day, and Hop Fung Group plans to build factories for animal husbandry and products.
Poster Comment:
You'd think that US and especially Canada, with their agricultural, engineering and manufacturung/food processing expertise, and Edmonton, Canada being twinned with Harbin, this would be employment-creating projects they'd be involved in. But no, it's better to be antagonistic to Russia because it's interfering with with the Jew takeover Ukraine which Israel's Khazaarian Zionists would like to retrieve for a second home, especially if things get out of control in the Middle East. Siding with Israel ensures politicians of the West of Jew financial, organizational and media support at election time. Didn't work out for Harper Tories this time round. Maybe voters catching on to this nonsense.