Chinese People In Ukraine: Chinese Business Gradually Walks Toward Formal

Since the establishment of diplomatic ties, China and Ukraine have signed up a series

of important cooperation agreements between the government and departments in the economic and trade fields. These agreements have laid a solid legal foundation for the intergovernmental economic cooperation between these two countries. Non-governmental trade between the two countries is also built up steps by steps, the rapid development of Chinese businessmen economy has become the main channel of non-governmental trade.

Currently, about 1.5 million Chinese people in Ukraine, most of who are engaged in trade business and Chinese catering, mainly gathering in Kiev, Kharkov, Odessa and other cities, and trade pattern is generally outdoor free-market business.

Chinese business in Ukraine can basically be divided into two categories: one is the country representative office or joint venture commercial organizations; the other one is individual traders or private joint venture owners. Since individual traders or private enterprises do not have large and thick economic entities and funds as support and backing, in order to avoid risks, they mostly active in the field of commodity circulation, catering services and simple manufacture enterprise. There people raise tens of thousands of dollars in domestic by a variety of methods and came to Ukraine, and they wanted to create their career in this foreign place with the limited funds.

Few Chinese businessmen in Ukraine are engaged in wholesale since it is a money-fast-coming industry, but requires a certain amount of capital accumulation and accurate grasp of the market. This part of Chinese businessmen purchase goods from the country or neighboring countries based on their observation and analysis of the market, and deliver to the commercial point of Kiev and all over the country as soon as possible so as to earn the profit from price difference. This is small business that they can earn money every day but not much of it.

In the early 1990s, Chinese goods began to enter the Ukraine market and they received warm welcome from the local people since their good quality and low price. The development of Ukraine's commodity markets not only solve the lack of living products problem caused by the collapse of the Soviet Union but also find a way out for the relative surplus good in domestic.

After ten years of development, the non-governmental trade between China and Ukrainian has undergone tremendous changes in size, grade, variety and quantity, and the volume of trade has increased annually; the trading goods extended from initially single fur goods to many other light industrial products such as clothes, shoes, hats and other daily necessities; the style and quality of the product along with changes in consumer demand in Ukraine has been a corresponding increase, and commodity prices has always occupied an absolute advantage in the competition with South Korea, Turkey, Polish and Russian.

It has to be pointed out that different from the early 1990s, as the new generation of businessmen in Ukraine, they are at present basically able to obtain the local low and pay taxes, playing a role of market pioneers to active the Ukrainian economy and disseminate the marketing concepts.

by: canton fair trading

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