Russian business aims to expand the zone of realization of goods in China, not settling for the traditional area of marketing in its northern and northeastern parts.
"So far, we have been able to increase the turnover of goods in the places where people already know us - Heihe, Harbin [the Heilongjiang province in Northeast China]. We plan to expand to more southern regions, such as Shanghai, where we will present our companies’ goods," Yakutsk [city in the eastern part of Russia, capital of the Sakha Republic] official Andrey Vladimirov said.
According to him, raw materials from the Sakha Republic are the most in-demand product in China, with tourism taking second place. Other products include goods made from amber and fossil ivory, as well as diamonds, hard liquor, meat and jewelry.
A Russian entrepreneur selling honey noted that he also counts on the consumption potential of eastern, central and southern regions of the country. "This is our first time coming to more southern regions and we hope that our goods will be especially in demand," he said. "Of course, there are many potential partners to the south [of the Heilongjiang province]. Besides, the honey market is less competitive there, and the standard of living is higher."Source: www.tass.com
The Russian Direct Investment Fund (RDIF) and the China Investment Corporation (CIC) will set up the Sino-Russian research and technology innovation fund worth $1 b...
The trade turnover between Azerbaijan and Russia grew 23 percent in the first quarter of this year.
With the population of 143 million people, GDP per capita approximating US$17,000 a year and the increasingly developing middle class which accounts for 10-25 percent, lots of Viet...
About the models of business development in another country and professional secrets is told by a practicing expert on work in international markets Anna Trubetskaya