23 Jan '09
China has unveiled its $220m lumbering and woodworking investment program to be implemented in the Far East’s Evreiskaya Autonomous Oblast (Jewish Autonomous region), Kommersant reported today.
The region has been listed alongside Russia’s Tomsk and Amur Regions as a territory favorable for the implementation of large investment projects in lumbering and deep processing of wood.
No plans for Amur Region have been announcedá while in Tomsk Region Chinese businesses have already established their presence.
According to Kommersant, the Far East’s largest region, Khabarovsk, that lumbers more than 50% of Far East wood has not been prioritized by the Chinese because of a worse investment climate.