Aleksei Pesoshin meets Director General of the Department of planning, finances and international relations of Chinese Ministry of Housing and Urban-Rural Development He Xinhua

On July 22, Tatarstan Acting Prime Minister Aleksei Pesoshin met the delegation of the People's Republic of China led by Director General of the Department of planning, finances and international relations of Chinese Ministry of Housing and Urban-Rural Development He Xinhua at Tatarstan Government House.

Welcoming the guests, Aleksei Pesoshin said that Tatarstan leadership has cooperated with Chinese colleagues in many economic sectors since 2011.

He briefly told about Tatarstan economic potential noting that oil, gas and chemical and engineering are main sectors in industrial production. The amount of capital investments made 15 billion US dollars in 2013. Further economic growth is planned at the expense of major enterprises Tatneft, KAMAZ, and TAIF.

“We understand that attraction of investments will require further steps on improving investment climate in the republic. Many foreign companies are already working in Tatarstan, and we are creating favourable conditions for doing business and provide highly skilled personnel, developed infrastructure in different industrial sectors,” Aleksei Pesoshin said.

The parties discussed issues of cooperation in construction sphere.

In particular, Tatarstan Minister of Construction Irek Faizullin, who took part in the meeting, said that during their stay in Kazan members of Chinese delegation will visit some construction sites and discuss further cooperation.

Members of the delegation, in their turn, said they had good impressions from staying in Kazan. “Your city is growing, lots of objects are being constructed,” Mr He Xinhua said.