In China, they explained the increased interest in Russian Innoprom
The large number of Chinese companies presenting their products at the Innoprom exhibition is due to increased interest in the Russian market, he said To Sputnik, Chairman of the Russian-Chinese Investment and Development Fund «One Belt — One Road», Chairman of the Association of Entrepreneurs in the Field of Russian-Chinese Cooperation Wang Qun.
The 14th Innoprom exhibition was held in Yekaterinburg from July 8 to 11, and more than 300 companies from China took part in it. Chinese companies are the most numerous exhibitors at the exhibition. The exhibition was also attended by 24 regions of Russia, as well as companies from Turkey, Egypt, Belarus, Kazakhstan, Uzbekistan, Hungary, Kyrgyzstan, Kazakhstan, Tajikistan and Uzbekistan.
“China has always been very interested in Russian cooperation in the industrial sector. This applies not only to the Innoprom exhibition, but also to all other exhibitions and platforms. There are many Chinese investors and entrepreneurs here. I think the reason is due to the high degree of political mutual trust and a good atmosphere of cooperation between China and Russia,” he said.
According to him, another reason is the huge demand for Chinese products in the Russian market. Wang Qun noted that last year, bilateral trade in goods between China and Russia reached $240.1 billion, an increase of 26.3% over previous years.
“This shows that bilateral trade between China and Russia is constantly being improved and modernized, and the quality and quality of Chinese products are recognized by Russian consumers. China has world-leading production capacity and technological advantages, and Russia has an excellent base in heavy industry and high-tech manufacturing,” he said.
The entrepreneur named technology exchange, digital economy, and e-commerce among other areas for cooperation , mobile payments, big data, traditional light industries.
“It is definitely beneficial for Chinese companies to create industrial enterprises in Russia. On the one hand, the Russian market is huge, and where there is demand, there are opportunities. On the other hand, conditions and guarantees for foreign enterprises are also constantly being improved. But in order for Chinese companies to really dare to come to Russia in earnest, I think Russia still needs to improve government support, guarantees and other aspects,” Wang Qun said.