China will become the largest supplier of LED lighting products in Russia

The reporter recently learned that the representative of the Russian Federation's representative office in China, GruzdevAlexey, visited LED leading enterprises in Shenzhen, Guangzhou and Foshan to seek opportunities for further cooperation between Guangdong enterprises and Russia and the CIS market. During the investigation, Grudev said that Russia hopes that the LED industry can further increase the total trade volume between China and Russia, and attract Chinese advanced LED companies to set up factories in Russia. The reporter learned that many deep companies have been gearing up and turned their attention to Russia and the CIS countries. Some companies have increased their research and observation on emerging markets in Russia and the CIS countries. China is Russia's largest supplier of LED lighting products Since 2010, China has been Russia's largest trading partner, and Russia ranks ninth among China's major trading partners. In recent years, bilateral trade has developed steadily. The total trade volume reached 88.9 billion US dollars, with a growth rate of 1.6. In the first half of this year, the total trade volume increased by 3, reaching 43 billion US dollars. In his speech at the conference, Grudev said that at the end of May this year, President Putin and President Xi Jinping met in Shanghai. The two heads of state signed a joint statement, which opened up a new path for the development of Russia-China economic and trade relations. According to Grugev, the Russian LED industry developed rapidly last year with a growth rate of 250, of which LED lighting accounted for 10% of the Russian lighting industry. According to the data, in the lighting market in 2013, the sales volume of Russian LED bulbs was 1 billion, and the sales amount was 40 billion rubles. As the Russian government introduced a series of measures to promote energy-saving light sources, it is expected that by 2016, LED lighting will account for about 35% of the Russian lighting industry. Grudev said that with Russia's accession to the WTO, the ban on incandescent lamps was issued, and this year's Sochi Winter Olympics and the 2018 World Cup, Russia's demand for LED lighting facilities is extremely high. Among the lighting products, China has always been Russia's largest supplier. Therefore, the Russian side welcomes the powerful Guangdong enterprises to participate in LED engineering projects such as public institutions in Russia and the CIS countries, large industrial and mining enterprises, and sports venues. China has formed a relatively complete international LED industry with international competitiveness. I believe that the outstanding enterprises in China's lighting industry will have a good opportunity to develop the Russian market and find reliable and long-term partners. Grudev said. Russia attracts Chinese LED companies to set up factories with preferential policies. We strongly encourage Chinese advanced enterprises to develop in Russia. Many Chinese companies have invested in Russia to develop their business, worrying about investment environment, taxation, legal protection and other issues. The Russian government has done a lot of work in the process of reform and opening up in recent years, and has a very good position in company registration, investment, banking services, customs duties, etc. Great improvement. Grugev introduced that Russia offers a series of preferential policies in order to attract foreign investment. In my opinion, the preferential policies offered by Russia are more favorable than the policies currently implemented in China. Grudev believes that because China started early, there are many preferential policies for special economic zones and development zones in terms of value-added tax and taxation, and Russia is now actively promoting these preferential policies. He said that if a company registers with Russia to set up a factory, on the basis of providing preferential conditions, the government will allocate a certain amount of funds to support, and different regions have different policies. For example, at least for five years, the land use cost is waived. The general profit tax rate is 20. In order to encourage Chinese companies to set up factories in Russia, this ratio may be adjusted. In addition, many governors of local governments are more active in simplifying administrative management, shortening the approval process, and reducing approval procedures. Deeply targeting Russia and the CIS According to statistics, last year, China exported LED products to Russia and the CIS countries totaling 800 million US dollars, of which Russia accounted for 75.74. China's LED products accounted for more than 40.12 in the Russian market.