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Russia intends to increase the volume of Russian-Chinese trade in the field of LED backlighting

Russia expects a gradual increase in the volume of Russian-Chinese trade in the field of LED backlighting / LED backlighting /, and also expects to attract leading Chinese enterprises producing this type of product to Russia for the construction of factories in the country. This was stated by the trade representative of the Russian Federation in the PRC Gruzdev Alexey Vladimirovich at the "Strategic meeting on the analysis of the LED lighting market in Russia and the CIS countries" held on August 15 in Shenzhen / Guangdong province, South China.

According to the Russian trade representative in China, in 2013, the LED industry in Russia received a rapid development, the growth rate reached 250 percent, the share of LED lamps in the Russian LED market was 10 percent. As expected, by 2016, their share will increase to about 35 percent.

Gruzdev stressed that more than 50 percent of LED products are imported in Russia.

Li Wenyu, Ph.D. of Guangdong Research Institute for the Strategic Development of New Industries, said that in 2013, the total value of LED products exported by China to Russia and CIS countries reached 800 million USD, including Russia's share in exports was 75,74 percent.

Gruzdev noted that the objectives of Russia in the development of the LED industry are to increase the volume of Russian-Chinese trade and attract advanced Chinese enterprises producing this type of product to Russia for the construction of factories in the country.

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