Far Eastern Russian Companies Move to China
Russian companies from the Far Eastern Federal District are relocating their registration to China due to high taxes, expensive loans, and favorable financial incentives offered by Chinese authorities.
Consensus
- Russian companies from the Far Eastern Federal District have started re-registering in China.
- High taxes and expensive loans are cited as primary reasons for the relocation.
- Chinese authorities offer low-interest loans (3%), grants for capital expenditures, and lower tax rates.
- The relocation is occurring through the Amur River, with companies moving to Chinese industrial and technology parks.
- The trend was discussed at the Eastern Economic Forum.
Points of divergence
- Alexander Kalinin, head of 'Opora Russia,' stated that Chinese partners are actively luring companies to re-register in Chinese industrial parks. — vesti
- Companies from the Russian firm 'Deloitte' (now 'Business Solutions and Technologies') confirmed interest in relocating to China. — tg_moscowtimes_ru
- Approximately 3,800 organizations with Russian participation are currently operating in China, mainly importers, electronics and equipment manufacturers, consumer goods producers, auto components suppliers, and light industry representatives. — tg_moscowtimes_ru
- Sberbank CEO German Gref stated that the arrival of Chinese business in Russia is a great benefit, as it provides access to China's production experience. — vesti
Coverage (2 sources)
- Head of 'Russia Support' spoke about poaching Pacific companies into China — Вести
- Russian companies in the Far East are 'fleeing' to China due to high taxes and expensive loans — The Moscow Times
Key entities
- China
- Support of Russia
- Far East
- Alexandr Kalinin
- Moscow
- Russia
- Far Eastern Federal District
- Far Eastern Federal District (FEFD)