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Current Position:Home » News » General News » Topic

China: Increased spending power drives up produce exports to Russia

Zoom in font  Zoom out font Published: 2017-10-10  Views: 1
Core Tip: According to an announcement from the Quarantine and Inspection Bureau of Heilongjiang, the increased exchange rate of the rouble has resulted in greater buying power of the Russians.
According to an announcement from the Quarantine and Inspection Bureau of Heilongjiang, the increased exchange rate of the rouble has resulted in greater buying power of the Russians. Thus during the first three quarters of 2017, 57,500 tonnes of produce were exported to Russia from the busiest port between Russia and China Heihekou Port, up by 40% compared to the prior last year.

According to published data, by the end of September, a total of 2,797 batches of fresh produce with a weight of 57,500 tonnes and a value of $24,28 million were exported to Russia from Heihekou. The increase in volume reached 39.56%. Data also showed that potatoes, onions and cabbages have the highest demand and, in fruit, the same is true of apples, oranges and grapes.

There are two reasons for such an increase, the first being the higher exchange rate, which meant a bigger buying power of the public. Secondly, prices of produce from China have gone down and their quality has improved. The cooperation between the authorities from both countries also enhanced the competitiveness of Chinese produce.

Source: www.chinanews.com
 
 
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