Chinese investors in Russia face the same issues as their European and US counterparts, a new Ernst & Young survey concludes. Based on interviews with 31 companies with turnovers of more than $1bn, the survey found that:
–91% of Chinese entrepreneurs believe that Russia is an attractive place to do business, partly because of the wealth of its natural resources and the size of its internal market:
– Almost 50% of Chinese companies already operating in Russia have entered the market by entering into a partnership with a Russian company, or by purchasing a stake in a local company:
– 21% are ready to invest in Russia over the next year, and 40% over the next five:
– On average they are not willing to invest more than $50m, while only 10% would consider investing more than $500m:
– 65% said they were concerned about law enforcement, 58% about economic instability and 52% about geopolitical tensions.
–91% of Chinese entrepreneurs believe that Russia is an attractive place to do business, partly because of the wealth of its natural resources and the size of its internal market:
– Almost 50% of Chinese companies already operating in Russia have entered the market by entering into a partnership with a Russian company, or by purchasing a stake in a local company:
– 21% are ready to invest in Russia over the next year, and 40% over the next five:
– On average they are not willing to invest more than $50m, while only 10% would consider investing more than $500m:
– 65% said they were concerned about law enforcement, 58% about economic instability and 52% about geopolitical tensions.
According to the Central Bank of Russia , the volume of investments flowing from China to Russia more than doubled from $600m in 2013 to $1.28bn in 2014.
Source: rbth