Russia aims to revitalise its Far East territory

Russky Island was given a facelift as Vladivostok's main venue for the APEC summit (photo:dpa)
Russky Island was given a facelift as Vladivostok's main venue for the APEC summit (photo:dpa)

Russia plans to breathe new life into its decaying and fast-dying Far East. The announcement of a US$321billion development programme demonstrates Moscow’s desire to present itself as an economically robust country while challenging China’s growing might and keeping Beijing from encroaching on what could potentially be an enormously lucrative region. But success relies on a balancing act. Russia needs economic support from China, but is fearful of being reduced to a raw materials appendix to the fast-growing Chinese economy. And Beijing is less than interested in promoting development of the Russian Far East.

<i>The rapid rise of China has seen the Asia Pacific region emerge ...

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