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Fomin M.V. Specific entry: Social and Economic Development AnnotationThe Far Eastern Federal District should objectively be the main beneficiary of the strategic partnership between Moscow and Beijing. However, for more than 10 years now, the three northern regions of the Far East — Kamchatka Krai, Magadan Oblast and the Chukotka Autonomous Okrug — demonstrate zero investment activity by Chinese entrepreneurs. This mesoregion, accounting for almost 10% of our country’s territory, is extremely rich in mineral and biological resources, possesses impressive tourism potential, and, moreover, provides several ports along the Northern Sea Route (NSR); yet it still does not receive any direct Chinese investment. The article examines the main challenges to the investment attractiveness of the northern regions of the Far East, as well as the dynamics of investment in fixed capital and foreign direct investment in the Far East regions. It also analyzes changes in gross regional product (GRP). Investment rating indicators for these regions are presented, and their components are characterized. It is noted that the preferential regimes of the Far East, such as the territories of advanced development (TAD), confirm their effectiveness, and the launch of the mechanism for international territories of advanced development (ITAD) in 2026 will be a supportive factor for investment cooperation. The main issues hindering the risk appetite of Chinese investors are outlined. The objectives of attracting foreign investors and restructuring activities to identify new business areas and enhance investment attractiveness are defined.About authors
Maxim V. Fomin, Cand. Sci. (Polit.), Leading Researcher KeywordsFar Eastern Federal District, north of the Far East, China, Northern Sea Route, spatial development, investment, TAD, ITADUDC330.322(571.6)(045)This work is licensed under a CC BY-SA License. |
