Russia, China Ink Deal to Build High Tech Parks

China and Russia on Monday signed a memorandum of understanding (MOU) to jointly build 2 high-tech parks, one in each country.

The park in China will be located in the new town of Xixian Fendong in Shaanxi and will initially occupy four square kilometers. In Russia, 200,000 square meters of buildings will be built in the Skolkovo Innovation Center in Moscow, the Russian Direct Investment Fund said in a press release Tuesday.

Part of China’s revival of the “Silk Road”, the high-tech parks are being developed by the Russian Direct Investment Fund (RDIF), Russia-China Investment Fund (RCIF), the Skolkovo Fund, and the local government of northwest China’s Shaanxi Province .... http://thebricspost.com