Trade war US-China opens new opportunities for Russia, said the expert

© RIA Novosti / Vladimir Traveloperator in fotoreceptori partner, EY CIS countries Alexander Ivlev in the radio Sputnik on platform IV of the Eastern economic forum in VladivostokTrade war US-China opens new opportunities for Russia, said the expert© RIA Novosti / Vladimir Traveloperator the image Bank

Confrontation between the US and China in matters of trade opens new opportunities for cooperation between Russia and China, including production, demand in the Chinese market, said managing partner, EY CIS countries Alexander Ivlev in an interview with RIA Novosti in the framework of the Eastern economic forum.

«If you look at Russia, we have the development of import substitution provides the opportunity to produce export-oriented products, which will be in demand in the Chinese market. For us this is a unique opportunity,» he said, answering the question, what are the prospects appear from Russia on the background of the trade wars of the United States and China.

In addition, according to the source, Russia may offer Chinese partners infrastructure, which will ensure the sale of their goods to Europe, not using traditional transport corridors. «For me, this is definitely the way to development of relations. I think that Russia has a unique opportunity to integrate into the supply chain and in the chain of communication of China to the world», he continued.

While China is changing the structure of demand, also said Ivlev. «If they used to export, supplying all kinds of products to different countries, but now China is beginning to feel like a consumer society — there is the middle class that has money. If we talk about the last years, the Chinese economy is becoming more focused on themselves and the share of foreign trade declining,» he said.

Therefore, according to Ivlev, we can say that all the niches that had been occupied by American manufacturers, China is slowly begin replaced by goods produced in the country, i.e. import substitution.

The fourth international economic forum took place at the site of the campus of the far Eastern Federal University on island Russian in Vladivostok on September 11-13. MIA «Russia today» is the General information partner of international economic forum.

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Trade war US-China opens new opportunities for Russia, said the expert© Infographical war, the United States

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