Russia-China to invest in hi-tech development

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    VLADIVOSTOK, Russia (Reuters) – The Russia-China Investment Fund (RCIF) and China’s Tus-Holdings on Tuesday announced joint investment plans focusing on developing technology, which would see $1.28 bln invested in the Russian Tushino Project Technology Park.

    RCIF said in a statement that the two groups were considering building a Sino-Russian high-tech innovation park with more than $100 mln investment and had launched a Russia-China venture fund with capital of $100 mln.

    View the original article: http://feeds.reuters.com/~r/reuters/technologyNews/~3/UN59BaXxYPs/russia-china-to-invest-in-hi-tech-development-idUSKCN1LR03F

    “Together with partners from China, we will be able to achieve breakthroughs in the area of advanced technologies and facilitate their early implementation,” said Kirill Dmitriev, Co-CEO of RCIF.

    Reporting by Polina Nikolskaya; Editing by Michael Perry

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