Bilateral trade relations benefit from complementarity, diversity: expert
Ozon, one of Russia's largest online retailers, has opened an office in Shenzhen, South China's Guangdong Province, as the demand for Chinese products keeps soaring, a move that industry insiders envision would spell more business opportunities for Chinese entrepreneurs amid rapidly growing economic ties between the two countries.
From home appliances, laptops and smartphones to clothing and daily necessities, the wide range of Chinese products sold on Ozon fills gaps due to the pull-out of Western companies after the breakout of the Russia-Ukraine crisis. The development will add to their already booming trade in bulk commodities such as energy and agricultural products, observers said.
Bilateral trade will become more complementary and diversified, analysts said, and the trade, which surpassed 1 trillion yuan ($150 billion) during the first 10 months of this year for the first time, is on track to hit the goal of surpassing $200 billion by 2024......More Below
