Russia and China are forging the financial infrastructure needed for greater cross-border investment and inking some landmark deals, but slowing growth is dragging out negotiations on some projects.
The milestones passed in recent months include the first equity investment by a Russian state-owned entity, Rosneft in a Chinese state-owned enterprise, ChinaChem, and the first Chinese bank loan to a Russian company, MTS, in renminbi.
“There are lots of promising...