ArmInfo. The policy of the new government of Armenia is aimed at deepening relations and increasing efficiency with the People's Republic of China. This was announced yesterday by Acting Deputy Prime Minister Tigran Avinyan during a meeting with a delegation of the PRC, led by the chairman of a branch of the Chinese Commercial and Industrial Bank (ICBC) of Jiangsu Province, Jan Chihang.
As the press service of the RA government reports, welcoming the visit of the Chinese delegation to Armenia, the Acting Deputy Prime Minister stressed that the new authorities of Armenia attach great importance to the influx of Chinese capital into the country's economy and are interested in discussions with businessmen and the implementation of mutually beneficial programs. According to Tigran Avinyan, several processes are currently taking place aimed at promoting Armenian-Chinese relations, in particular, the issues of visa liberalization and the opening of a direct flight are being discussed. Yang Chihang, expressing appreciation for the reception, noted that the Commercial and Industrial Bank of China, having actively taken first place in the world, created a Fund with a capital of $ 70 billion to implement investment programs in countries participating in the One Belt and One Road initiative, will lead to mutual development of relations with the countries involved and economic growth. During the meeting, an exchange of views took place on the possibility of attracting Chinese investment in the areas of information technology, industry, agriculture and infrastructures. In this context, the. The Acting Deputy Prime Minister drew the attention of the Chinese delegation to the North-South highway construction project, the implementation of which fully fits the logic of the One Belt and One Road initiative, and will open new opportunities for bringing different regions closer together. Speaking about the mining industry, representatives of the Chinese side stressed that, being concerned about environmental issues, their country had made great strides in developing responsible mining industry and creating modern environmentally friendly technologies in this area. Members of the delegation added that they are ready to discuss the possibilities of making investments in the mining industry, as well as importing ore products from Armenia.
In response, Tigran Avinyan noted that Armenia has a negative experience in the mining industry, and wants to bring the standards to the highest level in this sphere, and the potential participation of Chinese companies in solving the task set can have a positive impact.
Representatives of the Chinese side also noted that they intend to dramatically increase the volume of imports of Armenian wine.
The representatives of the Bank took part in the forum "Eurasian Week -2018", which was held in Yerevan on October 22-24. They were in the capital of Armenia at the invitation of the President of the Union of Armenians of Russia, Ara Abrahamyan. Industrial and Commercial Bank of China - the largest Chinese commercial bank. Included in the "Big Four" of the largest banks in China. It was founded in 1984, in 2005 it was transformed into a limited liability company. At the end of October 2006, the bank conducted an initial public offering of shares and raised a record $ 22 billion (the largest IPO in world history), placing 48.4 billion shares (18% of the total). Of these, 12% on the Hong Kong Stock Exchange and 6% on the Shanghai. In 2018, the bank for the sixth consecutive year tops the ranking of the largest public companies Global 2000, published annually by FORBES, with revenue of $ 165.3 billion (18th in the world), net profit of $ 43.7 billion (3rd place), assets of $ 4,210 9 billion (1st place) and a capitalization of $ 311 billion (14th place).