According to the Russian Sputnik news agency, UkraineEconomyAccording to the department, Ukraine is currently facing a serious situationEconomyrecession, and even the danger of collapse. War against UkraineEconomycaused a huge shock,EconomyActivities are greatly restricted. However, UkraineEconomyThe department believes that if the objective environment improves, by 2030, UkraineEconomyA return to pre-war levels is expected.
This news has attracted attention from all sides, especially RussiaEconomyDepartment. RussiaEconomyThe department is relatively optimistic that, according to current trend developments, Russia is expected to return to pre-war levels this year. Putin has already publicly declared Russia's in September of this yearEconomyIt has returned to the level it was in 2021. This data shows RussiaEconomy's strong recovery momentum.
It can be seen that both Ukraine and Russia are beginning to pay attentionEconomyrecovery and development. This also reflects the increased expectation that the conflict between Ukraine and Russia will be expected to cease fire in a short period of time. With the limited capacity of the United States and Western countries to support Ukraine, the main forces supporting the continuation of this conflict are weakening. Russian Foreign MinisterLavrovThe upcoming visit to the OSCE Foreign Ministers' Meeting and NATO countries also shows signs of a thaw in relations between the West and Russia. If the conflict stops, Ukraine and Russia will work on post-war reconstruction andEconomyRecover.
Moscow hosted the first "" on November 28Gold BricksFashion Summit", attracting participants from East Asia, Southeast Asia, Latin America,Middle East, Africa and the Commonwealth of Independent States (CIS). Russia wants to develop extensive cooperation with these non-Western countries in such active areas as fashion. Although Russia is not a developed country in the West, the enthusiastic Russians are very passionate about fashion and are deeply influenced by Western culture.
In fact, in the face of strict sanctions and blockades from the West, many fashion companies in the United States have not left Russia, they have just changed their names and continued to do business in Russia. This is due to the fact that Russia is a huge market for fashion products, and the demand for fashion products is very strong. Russia** is also aware of this and is aware that over-reliance on foreign brands can lead to serious deficit problems, so it wants to strengthen the development of local brands.
At the fashion summit, the Russian Minister of Industry and Trade openly expressed his dissatisfaction with the current state of the Russian domestic market. He believes that at present, the Russian fashion market, especially in the fashion sector, is occupied by too many Chinese brands. This raises the question: In front of the representatives of more than 60 countries, is the Russian minister not afraid of offending China by saying such things?
The reason why Chinese brands have been able to pour into the Russian market and win the favor of young people is that after more than 40 years of reform and opening up, China has not only occupied an advantage in the field of production, but also comparable to or even surpassed Western brands in terms of quality. China is not only the most affordable, but also close to the West in terms of concept and design. As a result, Chinese brands quickly gained a position in the Russian market. This has also had a huge impact on local Russian brands.
Once upon a timeUSSRThe period began, and Russia has been known forHeavy industryand natural resources as the leading industry, the development of light industry is relatively backward. Before Western brands entered Russia, the impact on local Russian brands was not great due to the high cost of the market. However, with the withdrawal of European brands from Russia, a large number of vacancies have appeared in the market, which was supposed to be a great opportunity for Russian companies to capture the market. However, when they faced Chinese brands, they suddenly found that this was a group of opponents that were more competitive than Western brands.
The quality of Chinese fashion products is not inferior to that of Western products, and in fact, many Western high-end brands are actually OEM by Chinese factories. ForEconomyFor the Russians in difficulty, affordability has become their primary need. As a result, Chinese brands now account for the lion's share of the Russian market. The relationship between China and Russia is close, and Chinese products have quickly filled the void left by the withdrawal of Western companies. However, the situation has also raised concerns among Russian officials, who fear that over-reliance on China will be detrimental to the development of Russian domestic industries in the long run.
The appeal of the Russian Minister of Industry and Trade is to hope that Russian local brands can be better than Chinese brands. However, market competition is based on strength, and Russia's desire to develop local enterprises needs to work hard to improve its own strength, and wishful thinking alone will not solve the problem fundamentally. The challenge for Russia is to develop its strength and strengthen the competitiveness of its local brands in order to achieve better results in the fashion market.