A Thousand Miles Begins with One Step

TILL THE END OF 2010,NONFINANCIAL DEPARTMENTS OF SAKHALIN HAVE RECEIVED US$227.6 MILLION THROUGH CHINESE INVESTMENT, ACCOUNTING FOR 0.08%OF THE TOTAL FOREIGN INVESTMENT."Chinese enterprises engaged in the power industry are the biggest buyers of Sakhalin hydrocarbons.So far in 2011, Chinese companies have purchased 11%of the oil in Sakhalin,"Konstantin Stroganov, the first deputy governor of Sakhalin,said during an interview in Beijing in March. He also mentioned that China is one of the main buyers of Sakhalin fish and seafood, exports to China accounted for one-third of Sakhalin’s total exports. Sakhalin lies on the east coast of Asia. Although bilateral trade and investment has only been established for short time,the to-