Chinese-Russian joint venture in Vladivostok

By Globaltimes.cn, Published: 2018-09-11 01:30:44

Yubo-Sumotori Works Co is one of the Chinese companies investing in the free trade port of Vladivostok. As a joint venture between Chinese and Russian companies, Yubo-Sumotori enjoys favorable policies such as tax cuts and low land lease fee under Russia’s Far Eastern economic policy. Photo: Li Hao/GT

Editor's Note:

Yubo-Sumotori Works Co is one of the Chinese companies investing in Vladivostok, Russia. As a joint venture between Chinese and Russian firms, Yubo-Sumotori enjoys favorable policies such as tax cuts and low land lease fee under Russia’s Far Eastern economic policy.

The company hired 32 Russian workers to assemble auto equipment parts and ship the completed automobiles to other cities in Russia. Photo: Li Hao/GT

Photo: Li Hao/GT

The company also works with China’s State-owned automotive manufacturing company FAW Group, which is based in Changchun, Northeast China’s Jilin Province. Photo: Li Hao/GT

Industrial cooperation has become an important part of China-Russia business ties. More Chinese companies are now encouraged to invest in the Russian Far East to boost industrialization. Photo: Li Hao/GT

Photo: Li Hao/GT