OREANDA-NEWS. May 07, 2010. During his visit to China, President Sargsyan attended the inauguration of the Shanxi-Nairit joint venture for production of chloroprene rubber in Datun city of Shanxi province. This is one of the largest Armenian-Chinese economic projects.

Shanxi-Nairit joint venture was created based on the agreement signed in 2003 by the Shanxi Synthetic Rubber Company (China) and Nairit LLC (RA). Armenia holds 40 percent of Shanxi-Nairit’s shares.

The President of Armenia met also with the Governor of Shanxi province Wan Jun. The parties discussed issues pertinent to the expansion of cooperation between Armenia and this Chinese province.