A multibillion-dollar investment fund set up by Russia and China is expected to make its first investment, into a Russian forestry company, as economic ties between the neighboring countries grow closer.
Plans for the fund - a venture between sovereign wealth fund China Investment Corp and the state-backed Russian Direct Investment Fund - were announced in October.
The fund will be unveiled on Tuesday during a visit by Vladimir Putin, who is making his first trip to Beijing since his return to the Russian presidency and will meet Chinese counterpart Hu Jintao.
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Plans for the fund - a venture between sovereign wealth fund China Investment Corp and the state-backed Russian Direct Investment Fund - were announced in October.
The fund will be unveiled on Tuesday during a visit by Vladimir Putin, who is making his first trip to Beijing since his return to the Russian presidency and will meet Chinese counterpart Hu Jintao.
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