LINE

    Text:AAAPrint
    Business

    Business booms on Russian border(3)

    1
    2018-11-02 10:28:38China Daily Editor : Li Yan ECNS App Download
    Special: 40YearsOfReform

    Pillar industry

    Russia's annexation of Crimea in 2014 saw the European Union and the United States impose sanctions on Russian banks and firms, including its state-owned oil companies and arms manufacturers. Russia responded by banning food imports from EU countries and the U.S.?

    While it was good news for grocers in China, it was not good news for Chen. "The sanctions resulted in the collapse of the rouble and the country's financial crisis," he said. "Russians reduced their consumption, and those who exported clothes and cars there all sustained losses.

    "Now, we're concentrating on our original business - importing timber from Russia and selling it at home and abroad. It turns out it has become a pillar industry in our city."

    Chen said the city's timber imports had risen by an average of 1 million cubic meters a year over the past five years.

    "This is the best time for the two countries," he said. "Russia has resources and we have processing skills and facilities. Russians are all careful not to 'drain the pond to catch the fish', so they don't worry about the depletion of natural resources."

    Yu Hang, deputy manager of Huasheng Guoyun Logistics, said the harbor in Vladivostok is a gateway for Mudanjiang to explore more commercial opportunities.

    "The overland distance from Mudanjiang to Russia's harbor is much shorter than to other harbor cities in China," he said.

    "Since marine transportation is far cheaper than inland routes, we would cut the costs substantially if we shipped goods via Vladivostok harbor to Chinese cities.

    "In that case, products from not only Mudanjiang but also nearby areas such as Harbin, in Heilongjiang, and Jilin province could be sold in a more convenient way.

    "Moreover, we could ship goods to Japan, South Korea and Western countries via Russia's port. The transport pattern has been put into regular use since 2012. It is not yet large-scale, but it will be a trend."

      

    Related news

    MorePhoto

    Most popular in 24h

    MoreTop news

    MoreVideo

    News
    Politics
    Business
    Society
    Culture
    Military
    Sci-tech
    Entertainment
    Sports
    Odd
    Features
    Biz
    Economy
    Travel
    Travel News
    Travel Types
    Events
    Food
    Hotel
    Bar & Club
    Architecture
    Gallery
    Photo
    CNS Photo
    Video
    Video
    Learning Chinese
    Learn About China
    Social Chinese
    Business Chinese
    Buzz Words
    Bilingual
    Resources
    ECNS Wire
    Special Coverage
    Infographics
    Voices
    LINE
    Back to top Links | About Us | Jobs | Contact Us | Privacy Policy
    Copyright ?1999-2018 Chinanews.com. All rights reserved.
    Reproduction in whole or in part without permission is prohibited.
    主站蜘蛛池模板: 寻乌县| 遂昌县| 来凤县| 密山市| 西充县| 东城区| 乌拉特中旗| 康保县| 缙云县| 建水县| 长阳| 通辽市| 松阳县| 威宁| 都兰县| 宁明县| 兴海县| 株洲县| 满洲里市| 巨鹿县| 九龙城区| 井研县| 东丰县| 南部县| 诸城市| 库车县| 阳春市| 阿鲁科尔沁旗| 镇宁| 新余市| 道孚县| 奇台县| 北辰区| 湖州市| 扶沟县| 巴青县| 平凉市| 灵丘县| 柳河县| 安泽县| 临朐县|