Translation. Region: Russian Federal
Source: People’s Republic of China in Russian – People’s Republic of China in Russian –
Source: People’s Republic of China – State Council News
CHENGDU, May 29 (Xinhua) — The Russian-Asian Union of Industrialists and Entrepreneurs (RAUIE) proposes to create a joint Russian-Chinese platform for trading in used cars, RAUIE Executive Director Georgy Ryabtsev said Wednesday at the first Sichuan fair to connect suppliers and buyers in the used car export sector.
The event was held in Chengdu, capital of Sichuan Province (southwest China). It was attended by representatives of nearly 40 trade organizations and enterprises from 10 countries, including Russia, Iran, Vietnam and Nigeria.
“This is not only an important milestone in Sichuan Province’s entry into the global used car market, but also a key opportunity to rebuild the international automotive trade chain,” commented Ryabtsev, calling the event a “bridge” that connects the advantages of China’s supply chain with global market demand.
“We are particularly pleased with the event’s focus on the used car market – one of the most promising areas for growth in Russian-Chinese economic cooperation,” he emphasized.
According to him, today the automotive industry is undergoing large-scale changes: electric vehicles are transforming the global car market, and the rapid growth of sales of Chinese cars with new energy sources is opening up new prospects for the used car trade.
“The Russian used car market is one of the largest in Eurasia. Last year alone, the volume of used car sales exceeded 5 million units,” explained G. Ryabtsev, noting the ever-growing interest in Chinese cars in Russia, as well as the growth in the import of used cars from China – both European and Chinese brands, which have already earned a reputation for being reliable, economical and meeting consumer demands.
According to G. Ryabtsev, RASPP proposes to create a joint Russian-Chinese platform for trading in used cars. This initiative involves the creation of a single digital platform combining B2B and B2C models, with a unified legal, logistics and service infrastructure.
“Russian consumers increasingly rely on digital channels: they are used to choosing, buying and even making transactions online. And the active development of electronic platforms, remote car diagnostic systems, logistics and legal services creates a favorable environment for the export of Chinese cars,” he added.
On the sidelines of the fair, agreements were signed on seven major cooperation projects worth a total of more than 1 billion yuan (about 139 million US dollars).
China began exporting used cars in May 2019, and will fully lift restrictions in this area in March 2024. -0-