Looking at LED lighting business opportunities from the changing Russian market

Russia, one of the four BRIC countries, suffered a certain degree of influence under the global economic recession because the economy was highly dependent on oil and natural gas exports. However, the unfavorable economic climate also prompted the country's economy to accelerate its diversification. As the global economy gradually emerges from the gloom of the financial tsunami, the country has recently begun to show signs of recovery and has created many business opportunities worthy of attention for Chinese companies. Pan Yongcai, Assistant Chief Economist of the Hong Kong Trade Development Council, said: The global economic recession has had a positive impact on Russia, which is to accelerate the country's economic diversification and move towards a knowledge-based economy, especially energy, information technology, biomedical, Aerospace and atomic energy science and other fields. The Russian government has recently actively promoted the localization of manufacturing, and by increasing the import tax on certain products, while reducing the import tax on product parts and components, the development of the local product manufacturing industry. Pan Yongcai said: This measure has successfully expanded a number of international brands in Russia's production facilities, so the local demand for electronic components, leather and other raw materials and parts increased, bringing new business opportunities for Chinese companies. Russia’s middle-class population is estimated to be as high as 50 million, accounting for about 35% of the total population. With the economic recovery and the improvement of the quality of life, the consumption power of suppressing for many years has gradually emerged. The amount of consumer goods such as brand-name fashions, which are among the middle-class consumers, is rising, and this upward trend is expected to continue. According to the data, Russia is the fifth largest consumer market in the world in terms of imports. In 2013, imports totaled US$350 billion. The main imported products were consumer goods, food, medicines and machinery, and 50 imported products came from EU countries. He also mentioned that in 2013, the actual use of foreign capital (overseas direct investment, FDI) was US$94 billion, and the economy grew by 1.4% year-on-year, reaching the World Bank's business environmental rating standard. In the same year, the local accumulated overseas investment amount rose by 6 per year. To $385 billion. Pan Yongcai pointed out that there is a shortage of locally produced consumer goods, and Chinese companies can consider Russia as an emerging consumer market. Electronic products, fashion (mainly clothes, shoes and travel appliances), gifts, jewellery and toys are among the more demanding consumer goods. He said: Today's Russian consumers pay equal attention to fashion and quality. They have considerable requirements for the design and materials of brand products. The superiority brought by famous brands alone can no longer meet their needs. The Russian government is keen to develop the country into the fifth largest economy in the world by 2020. To this end, the Russian government has recently made efforts to ban complex tariffs and underground economic activities. To further promote trade in the country, Russia has not only reached consensus with Belarus and Kazakhstan on the progressive implementation of the customs union and common market agreements, but also successfully joined the World Trade Organization. The Russian economy's rising track and the government's reform measures have indeed created new business opportunities in many aspects, but Pan Yongcai reminded Hong Kong businessmen interested in opening up the Russian market to pay attention to potential risks. He pointed out that although the Russian government is committed to reforming the economy and tax system, local payment and distribution issues are still worth noting. In addition, even though consumers in the country have strong demand for goods, they are generally not familiar with Chinese brands, especially LED lighting. Therefore, Hong Kong companies should consider partnering with local distributors or retailers to establish partnerships with local sales networks. Partnership.

202 Stainless Steel Shot

Longlived Stainless Steel Shot is one of the most popular Metal Abrasive with high quality and low price for shot blasting. Meanwhile, 202 Stainless Steel Shot is an very excellent one of them. Sometimes it could also called 202 Stainless Steel Cut Wire Shot or 202 Stainless Steel Shot Conditioned.

Longlived 202 Stainless Steel Shot is made from high quality 202 Stainless Steel.

Chemical Composition (%)

C

Si

Mn

P

S

Ni

Cr

N

0.78

0.76

15

0.032

0.001

4.06

14.36

0.01

Size: 0.25mm-3.0mm Other size also could be customized.

Shape: as cut, G1, G2, G3 and G4.

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