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Russia - Important Issues of Russian-Chinese Economic Cooperation Discussed at China Business Forum 2022

Russia (bbabo.net), - The Fourth Entrepreneurial Forum and Exhibition on Business with China China Business Forum 2022 started on February 8, 2022 in Moscow. Within the framework of the forum, meetings were held with Chinese investors and representatives of state structures of China and Russia. On the first day, the event touched upon topical issues of economic investment and trade cooperation between the two countries.

In the plenary session, dedicated to discussing the issues of attracting Chinese investments in Russian projects and trade relations between the Russian Federation and China, the speakers noted the importance of increasing the volume of mutual investments and developing trade in order to unlock the potential of investment cooperation between Russia and China. Foreign economic activity is an important component of both the Russian and Chinese economies. Despite the pandemic, investment continued to grow in 2021 and bilateral cooperation has been deepening.

President of the All-Russian Public Organization of Small and Medium Enterprises OPORA RUSSIA Alexander Kalinin spoke about the main vectors of cooperation between the two countries: OPORA RUSSIA considers Chinese business to be one of the leading partners with which it is necessary to build long-term mutually beneficial cooperation. China is definitely a small business country. We heard from representatives of the PRC that 60% of the gross product in the PRC is made by small businesses. 80% of employment in China is provided by small businesses in official employment. We need to learn from our neighbor, including how to develop small and medium-sized businesses. It is export opportunities and competitiveness in the international market that allow Chinese companies to develop so dynamically. This includes the business climate and the thousand-year tradition of Chinese entrepreneurship. We believe that the most important thing when working with China is the human contact. Today the world is changing so dynamically that you need to be constantly in contact with your Chinese partners. "OPORA RUSSIA" actively cooperates with various departments and business associations of China, for example, with the China Association for International Cooperation of Small and Medium Business under the Ministry of Industry and Informatization of China, etc."

Gao Qi, head of the Chinese Committee for the Promotion of International Trade in the Russian Federation, emphasized the high stability and viability of Chinese-Russian trade and economic relations against the backdrop of repeated outbreaks of COVID-19 and a tense global economic recovery. "In 2021, during the pandemic, Russia-China relations developed. Bilateral trade also continued to develop and exceeded the $140 billion mark, reaching $146.8 billion. This contributes to the $200 billion goal set by our leaders, to 2024. In the structure of our trade, the energy industry plays the role of a stabilizing factor," said Gao Qi. The speaker is confident in the continuous and rapid development of trade and investment cooperation between China and Russia in 2022.

Anna Fomicheva, co-founder of the DigitalVED digital business platform, vice president of the Equium club, vice president of the Russian-Asian Union of Industrialists and Entrepreneurs (RASPP), presented a new service for foreign trade participants. This is a SAAS-platform for business, which was created to solve all problems in the field of foreign economic activity in the "single window" mode. Platform participants can be both novice market players and already established entrepreneurs. Within the framework of Digital VED, services are available for collecting data for analytics, determining the TN VED code, filling out and submitting a declaration online, calculating logistics and storage, taxes and payments, the ability to insure cargo, mark it, certify it.

Chinese and Russian businesses are showing great willingness to cooperate, actively finding new forms of interaction. China Business Forum 2022 brings together entrepreneurs from the two countries and is an important platform for building business ties.

Moreover, the China Business Forum started accepting applications for the First International Award "TOP-100 BRICS Entrepreneurs". "The BRICS TOP 100 Entrepreneurs Award is a continuation of many years of work that has been carried out in the BRICS space. During this time, dozens of joint projects have developed and grown, thousands of people from the BRICS countries have taken part in business and educational programs. Today, BRICS is moving to the next stage , in which it will work not with start-ups, but with existing businesses, assess the potential and help scale up. "Currently, a five-year development plan for the Prize has been worked out, and the next stage will be the creation of the BRICS Youth Business (Economic) Council," said the Director of the Prize Tatyana Seliverstova.

The forum was organized by the School of Business "Synergy" and "Digital VED".

Russia - Important Issues of Russian-Chinese Economic Cooperation Discussed at China Business Forum 2022