In the context of global economic integration, trade ties between China and Russia are continuously strengthening. On July 10th, a business exchange meeting focusing on the Russian market was held at the China Hangzhou International Expo Center. The event was hosted by ITE Group, one of Russia's top exhibition organizers. It aimed to deeply analyze the latest trends in the Russian market and further enhance cooperation between China and Russia in the fields of hardware, welding, and fasteners.

In recent years, trade relations between China and Russia have shown robust growth, with bilateral trade volumes continuously rising and repeatedly breaking historical records. The cooperation between China and Russia is deepening, particularly in industrial sectors such as hardware, welding, and fasteners, bringing more business opportunities and market space for enterprises on both sides.

Exhibitions are an important way to promote communication and cooperation between enterprises of the two countries. Among the participating enterprises, Zhejiang companies are a significant force. Recent data indicates that in 2023, Zhejiang enterprises accounted for 53.8% of Chinese companies participating in the hardware, welding, and fastener sectors in Russia, fully demonstrating their strong competitiveness and far-reaching influence in the international market.

From October 8th to 11th, 2024, Moscow's Crocus Expo will host three major specialized exhibitions: Weldex, Fastenex, and ToolMash. These exhibitions will comprehensively showcase the latest technologies and products in their respective fields.

"China and Russia have already achieved remarkable success in economic and trade cooperation, and the potential for future cooperation remains enormous. It is foreseeable that more Chinese enterprises will seize this opportunity to actively enter the Russian market and jointly promote the development of the hardware, welding, and fastener industries with Russian enterprises," said a representative from ITE Group.