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President of the RAUIE about Russian-Chinese cooperation on "Solovyov.Live" show

1 September 2022

President of the RAUIE Vitaly Mankevich spoke on the issue of Russian-Chinese trade relations on "Solovyov.Live" show in the author's program "Karnaukhov's Labyrinth".

He noted that many brands that have left Russia can be replaced by brands from China, which, in turn, are not inferior to them either in quality or in price. In addition, spare parts for appliances, including household appliances, can be purchased directly from Chinese factories, and RAUIE helps its members to negotiate with Chinese companies and formalize such deals. This not only satisfies the constant demand, but also helps to save money for end customers. In addition, possible new US sanctions against China will strengthen Russian-Chinese trade relations, making the Russian market a priority for China.

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New cooperation programs are certainly appearing, as well as new ways of developing trade and economic relations. Globally, there is a need for Russia to replace in the domestic market imported goods of Western companies that have left the market or significantly limited supplies. First of all, this concerns high-tech goods and industrial equipment. In China, the fourth industrial revolution is actively developing now, the automation of production is underway. As a result, Chinese equipment is now one of the most modern, as well as the best in terms of price-quality-reliability. And RAUIE launched a free program for equipment search in China, we help to buy it, bring it in and clear it, and our partners from banks help arrange factoring.

Oil, coal, ferrous metallurgy products remain among the key areas for cooperation, and gas, machinery, and the automotive industry are among the rest (especially in recent times). In addition, it is worth noting that it is possible to build reliable financial mechanisms for trade, such as settlements in rubles and yuan.
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