China is interested in the construction of grain processing plant in Ukraine

China is interested in the construction of grain processing plant in Ukraine

26.05.2016 News

China is interested in the construction of grain processing plant in UkraineThe direction of the Chinese “Anhui Foreign Economic Construction Corporation” expressed interest in the construction of the grain processing plant in the territory of Ukraine, the products of which will be exported to China.

This was said by the vice-president of the “Anhui Foreign Economic Construction Corporation” Zhang Zhonghua at a briefing in the framework of the investment session of the Kyiv Economic Forum “Ukraine-China New Silk Road”, –  reports the “UNIAN”.

“Now between China and Ukraine is developing a corn market, but given the mutual interests it is better to build factories for the processing of grain in the territory Ukraine. If there is a desire, the Chinese company, and not only we are ready to assist”, – said Zhang Zhonghua .

He also noted,  that the implementation of such an idea is profitable from the economic point of view, since Ukraine has a cheap labor force, compared with China, and at the same quality.

As the UNIAN reported earlier, in 2015 China has become one of the largest importers of Ukrainian maize and barley. Most Ukrainian corn has gone to China (18% of exports, which in general has brought to the country $ 3 bln.). Besides, 17.5% of the Ukrainian barley were exported to China, which has brought to the country a total of $ 768.8 million. (In first place is Saudi Arabia with a share of 52%).

Source: economics.unian.net

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