BRICS ties offer youth brighter business prospects

Zhang Xiaoyan, vice CEO of e-commerce platform Umka, saw her company’s trade volume in Russia increase five times from September to June.

Umka brings Chinese products to Russia and Russian speaking countries. It was set up by Wangji Group, a Chinese company based in Xiamen, China’s Fujian province. In four years, Wangji Group built a more than 20,000 square meters warehouse in Moscow, shortening the time for Chinese goods to reach Russian customers from more than one month to less than a week.

Xiamen hosted the BRICS summit in September, featuring cooperation between the world’s major emerging markets: Brazil, Russia, India, China and South Africa. Statistics released by Xiamen Customs show, in the first four months of 2018, trade volume between Fujian and the four other BRICS countries reached about $4.3 billion, up 14.1 percent year-on-year. (Read more)