Moscow industry was mainly represented by textile, construction, woodworks, food, paper, leather, and machine making plants. During first ten years of the 20-th century Moscow industry reached high level of concentration. Period of industrial growth was marked by penetration of foreign capital into the Russian industry. All chemical and electrical plants in Moscow were owned by foreign capital (mainly German).
After the 1917 revolution different sectors of machine making industry started growing rapidly. This growth stimulated development of metal cutting industry.
Virtually from scratch were created auto-making, radio technical, instrument-making industries. At the very same time Moscow kept its position in consumer good making.
At present Moscow is the largest economic, political and scientific center of Russia. There are many big enterprises of various branches of industry on Moscow territory. They belong to black and color metals, light and food industries.
Against a background of industrial production reduction in Moscow, recently volume of commercial services provided by banks, joint-stock companies, raw material and stock exchanges has increased.
Moscow is the leader by number and rating of commercial structures. There are over 1000 commercial banks in Moscow that is 40% of all of the banks of Russia. Moscow financial and stock sectors organize financial and commercial activity for 90% of Russian territory.
Foreign economic ties of the city are also expanding. On the basis of scientific and technical agreements Moscow has business contacts with the largest cities of the world such as Berlin, Warsaw, Vienna, Dusseldorf, Montreal, Peking, Tokyo, Saul, Helsinki and others. As a result long-term, large-scale economic development projects are implemented. These projects influence Russian economy as a whole.