Influence Of Russia And Ukraine Situation On Foreign Trade Of China's Lighting Industry
Mar 03, 2022
Relevant Lighting export enterprises should pay close attention to the development of the situation, and comprehensively review the current orders and project execution progress of the Russian and Ukrainian markets, and do a good job in risk prevention. The purchasing quantity of some raw materials whose prices may fluctuate greatly shall be appropriately arranged in advance; To the extent possible, cross-border RMB settlement shall be adopted for Russian business; Pay attention to payment collection, strengthen the contact with export credit insurance.
The situation in Russia and Ukraine may have a certain impact on China's lighting external demand market, but on the one hand, the proportion of these two markets is not high, and the direct impact is relatively limited; , on the other hand, the global high inflation and the backdrop of the limited supply capacity, the stiffness of this kind of consumer goods demand for lighting products is still strong, China as a manufacturing hub of the global lighting industry and supply chain hub status has been further consolidated in the outbreak, believe that China's lighting trade in 2022 will remain consistent toughness.
