Sun said at a news conference that the fair will be held from June 15 to 19 in Harbin, the capital of Heilongjiang province.

"We're now establishing modern cross-border trade cooperation between China and Russia, developing international border ports and pushing forward the establishment of a Sino-Russian cooperative pilot region," Sun said.

The fair is a platform to promote bilateral complementarity in terms of investments and commodities between China and Russia. It will attract more Chinese capital to boost bilateral cooperation on the electricity, energy, logistics, mining and infrastructure industries, according to Sun.