On December 28, Russia's satellite network reported that China shifted its steel production to the Far East. Debon Guangdong's Hong Kong company plans to build a steel deep processing industrial agglomeration area in Binhai Krai. According to the information from the Far East Development Department, China is ready to invest more than 2 billion U.S. dollars in this project.

The Far East Development Department pointed out that Fargo Development Minister Alexander Galluszka discussed with Yao Xiaodong, chairman of Hebei Luanhe Industrial Group Co., Ltd., a subsidiary of Guangdong, the investment plan for Russia. The project will be implemented in two phases. The first phase plans to build an annual output of 1 million tons of steel production base, an investment of 500 million US dollars. If all goes well, the second stage in five years will be followed by a full production and sales chain: mining of raw materials, production of molten steel, production of the final product of steel and its sale abroad. The largest smelter of the future annual production capacity should exceed 5 million tons.