Asia Business City Wants To Expand Channels For Jinjiang Brand

Jinjiang products have attracted the attention of Russian businessmen. The implementation of the Russian ban on business orders has brought many difficulties to Chinese businessmen who are doing business in Russia. The reporter learned at the Harbo conference that Heilongjiang businessmen's "Asian trading city" established in Khabarovsk, Russia, is expected to ease this contradiction and enhance the level of Chinese businessmen's trade in Russia.

Chen Zengmin, the investor of the project, said he hoped to set up a special hall for Jinjiang brand in the "Asian business city" to enhance trade profits.

In Russia, there are opportunities for trade risks. "If you go to Russia to carefully observe the clothing of local residents, you will find that their styles are several years older than ours, and they are much more expensive in Russia than in our country."

Mr. Liu, a manager of a trading company in Harbin, has been engaged in trade with Russia all the year round, making him very familiar with the Russian market.

However, many Jinjiang entrepreneurs are not relaxed about the trade with Russia.

"Once they opened an export letter of credit to me, but I was afraid not to do it."

Li Tianfu is deputy general manager of mallet garment. Although the products of the company are exported to Italy and sell very well in Northeast China, he is familiar with the rules of export to Europe and the United States. He still feels that the risk of exporting to Russia is too great.

In fact, the industry is very clear that in most exports to Russia, the other side rarely provides export letters of credit, though this is common in the links between European and American buyers.

On the one hand, Jinjiang businessmen are worried about Russian exports. On the other hand, they are the huge demand potential of Russian market for Jinjiang products.

Prior to that, Sino Russian trade was at a relatively low level of operation. From the initial simple barter trade to the extensive operation environment of Chinese commodities and traders in Russia's "cold market", they seriously restricted the development of Sino Russian trade.

In the past, there were many open-air markets in Russia, and some were built by simple containers. Because of the chaotic market order, many social problems have been triggered in recent years, which has aroused great concern from the Russian federal government.

At the beginning of this year, the government of Russian Federation issued a decree that from April 1, 2007 to December 1st, foreigners who engage in retail sales and engage in other retail businesses outside the store in the Russian market should be reduced to zero.

Jinjiang brand can enjoy "special treatment", "gray customs clearance, underground remittance, personal safety, trade credit, labor visa."

We want to solve these long-standing problems in Russian trade through the most formal means. "

Chen Zengmin, chairman of the Asia Trade City, is exploring a way to get through the bottleneck of Sino Russian trade.

According to incomplete statistics, only 100 thousand people in Heilongjiang province are engaged in retail business in Russia.

With the implementation of the Russian ban on business orders, the proportion of these people in the Russian retail market is gradually shrinking.

Russia's paper ban has brought great opportunities to Chen Zengmin, a businessman in Heilongjiang, in Khabarovsk's "Asian business city" project.

The Asian trade city is a joint venture invested by five powerful investors in Heilongjiang Province in Khabarovsk, Russia, with an investment of US $15 million.

It is the first Chinese wholesale and retail centre in China, which integrates wholesale, logistics, bank settlement, catering accommodation, and legal services.

The commercial city has been strongly supported by the Khabarovsk municipal government and has been included in the important economic plan of the city.

It is understood that the market will be open before and after the Spring Festival next year, for the staff in China and Russia to pform from retail to wholesale, and effectively solve the legal problems of Chinese business personnel in Russia, operating procedures, commodities and business identity.

In the business day activities at the fair, Chen Zengmin expressed his vision that he wanted to set up a special hall for Jinjiang brand in the "Asian trade city", so that Jinjiang brand could be distinguished from the past "stall" goods in the Russian market, improving the quality of Chinese products and bringing more profits to traders.

In addition to increasing trade volume, Jinjiang brand with independent production capacity can go further in the Russian market.

The Russian side brought some information to Jinjiang enterprises. The Russian side used to have many large enterprises, and now it has been shut down. If Jinjiang enterprises can collectively enter, it will be pformed into a processing trade zone of Jinjin enterprises. Jinjiang brand is bound to take the Far East market as a starting point to enter the vast Russian market.