Russian business people flood to China

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Source: CCTV.com | 11-09-2006 13:50

With China and Russia's strategic partnership developing quickly, bilateral trade has also grown. An increased number of Russian business people are establishing commercial ties with their Chinese counterparts.

Alla Serifrona from Russia has been in the apparel business for years. In order to increase the types of clothes she could offer her clients, she started ordering large amounts of clothing from China last year. She's also set up firm ties with several Chinese suppliers.

Alla Serifrova, apparel dealer said, “The color and style of the clothes here are very fashionable. They sell well back in Russia. The wholesale price is also very reasonable and it can be as much as triple the price when they are sold in my hometown. It's lucrative.”

Alla is just one of the millions of Russian apparel merchants whose business shuttles between the two countries. According to official statistics, Russia's annual apparel imports from China amounted to about 1 billion US dollars over the past ten years. The head of the Russia-China Entrepreneur Association explains why business people are drawn to China.

Titov Borisy, head of Russia-China entrepreneur association said, “The growing economy in China attracts many Russian businessmen and companies to do business here in China. Chinese products are very competitive in the Russian market, they are good both in price and quality.”

Mr. Borisy also said there are still obstacles for doing business in China ... like the different ways of doing business and differing cultures.

Russians like Alla are learning more about China while making their deals.

Liu Ming from CCTV said, “As the Sino-Russian strategic partnership has advanced, an increasing number of Russian business people have come to China in search of business partners. Their cooperation in the eastern gold rush is sure to enhance the friendship, mutual trust and understanding between the two peoples.”

Editor:Sun Luying