Chinese investors and owners of major factories have arrived in
Chechnya, Grozny-Inform reports.
China plans to open goods production in the region, offering high
quality at a low price. Chinese monitors say that goods in the region
are sold at an exaggerated price, Vice-President of the Chechen Trade
and Industry Chamber, Isa Baudinov, said.
The Chinese investors plan to open a wholesale market. The Inin
Company will open an office in Grozny. China will invest in production
of industrial, consumer, construction, agricultural and meat products.
A trade-cultural center is planned to be opened, Inin spokesman Said
Omar said.
