Russia and China will announce progress on a joint investment fund during a visit by the man expected to be China’s next premier, while their leaders hinted on Friday at differences behind a show of amity and common ground on global issues.
Chinese Vice Premier Li Keqiang, who is on track to succeed Premier Wen Jiabao this autumn, met Russian President-elect Vladimir Putin and outgoing President Dmitry Medvedev during a trip that will also take him to Hungary and Belgium.
Progress raising capital for a $4 billion fund seen as a boon for Russia’s efforts to attract Chinese investment is to be announced at a conference attended by Li on Saturday.
Plans for the fund – a venture between sovereign wealth fund China Investment Corp and a Russian state vehicle – were announced in October and it is expecting to clinch its first deal in the summer.
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