By Chris Devonshire-Ellis & Grace Tate In China, companies seeking to engage in the online retail industry are required to first set up a company and a physical store. For investors not yet fully prepared for setting up a company in China, global sites launched by China’s local e-commerce platforms might be the best choice to[…..]
The Comprehensive Double Taxation Agreement (CDTA) between Hong Kong and Russia entered into force on 1st January in 2017 in Russia, with Hong Kong following on 1st April the same year.
Since Vietnam signed off a Free Trade Agreement with the Eurasian Economic Union in October 2016, trade between EAEU members and Vietnam has risen from close to zero to about US$10 billion. Of the EAEU nations trade with Vietnam, Russia accounts for about 90%. That has also been growing, with Ta Hoang Linh, a Director[…..]
Russian Prime Minister Dmitry Medvedev has confirming an economic overhaul plan to propel Russia into one of the world’s top five economies in PPP (purchasing power parity), by 2023. Currently the country is in 6th position, just behind Germany.
Op/Ed by Chris Devonshire-Ellis The new range of tariffs introduced by China on the importation of over 5,000 American products into the country can be good news for Russian businesses looking to step into the supply chain gap now created by this new twist in the US-China trade war. China has increased to 20 and[…..]
Dezan Shira & Associates are sending two high profile directors to the annual St.Petersburg International Economic Forum, which takes place from 6th to 8th June this year. It is Russia’s largest economic and commercial event and attracts thousands of international businesses and national leaders from around the world. Russian President Putin provides the opening speech,[…..]
Moves to de-dollarize economies being accelerated Russia’s Central Bank purchased another 55.3 tonnes of gold in the first quarter of 2019, bring their total reserves in the metal to 2,163.8 tonnes, and 17% of total reserves. China followed suit, buying 33 tonnes over the same period. Russia bought 274.3t last year — the fourth consecutive[…..]
Op/Ed by Chris Devonshire-Ellis Central Russia’s Krasnoyarsk Province is being reorganized under Central, rather than Regional Government funding as the area takes on special significance as part of China’s Belt & Road Initiative. Krasnoyarsk is impacted by Belt & Road as well as a vital Russian internal distribution axis via both land, ocean and sea[…..]
Moscow has moved up to tenth place in the Global Start-Up Rankings according to StartUp Blink, who monitor the rankings of new start up environments by measuring the number and quality of startups, infrastructure, business climate and public acceptance of innovations. Bangalore in India ranked 11th, with Beijing in 17th place. Other Asian cities that[…..]
Op/Ed by Chris Devonshire-Ellis New fund will cover Russian-Chinese Belt & Road Projects Russia and China have agreed to launch a Chinese Yuan dominated fund under the existing “Russia Direct Investment Fund” (RDIF) to cater for jointly financed projects in Siberia, the Russian Far East and North-East China. The RDIF Chinese Yuan denominated fund has been jointly invested in[…..]