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China is a very close partner of Russia and the volume of bilateral trade is constantly rising independently of the international economic environment, Peskov told Russian news channel RT.
China is about 10 percent of the group. We strongly believe there is a clear potential to double the market. Now, we have only been in China for 10 years. With double-digit growth each year, we are also planning double-digit growth for the five years to come. So, there's a huge potential in China if you know how to activate that market through digital retail experience. Product innovation, marketing localization, and omnichannel strategies will be the key for success. We're really excited about it.
China is a major destination for bulk goods from Latin America, increasingly importing more agricultural and industrial products from the region and improving the trade structure between the two sides.
China is likely to embrace large investment banks in a real sense, with the registration-based initial public offering system reshaping the country's securities industry, experts said.
China has vowed to eradicate absolute poverty by 2020. As the deadline approaches, the country is focusing on the nation's poorest people, who mainly dwell in deep mountains with adverse natural environments and backward infrastructure, or have special needs.