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Russia's Far East comes in from the cold

Overview

The Putin administration is committing the first serious funding – in the order of 0.5 per cent of 2007 GDP annually over the next six years – for the rehabilitation of Russia’s economically backward and severely depopulated Far East. This reflects the geostrategic stakes for Russia in the region. But much more important even than federal government transfers is the effect of China’s ever-deepening participation in the region’s product and labour markets.

Chinese customs data...

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