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DQCRANES is a Sino-New Zealand joint venture, dedicated to produce overhead crane,
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2015 Russia economic trend and our view of this market

“Obviously,nobody can threaten, suppress, isolate Russian, there is never been in the past, and won’t be in the future.”---Putin

When discussing economic trend of Russia, we can’t avoid to talk about the national characteristics of Russians, they have strong self-esteem, even in the face of more wealthy Europeans never cover up the national superiority. Living in European, Russians not only are not subservient to foreigners, but also have full of ambition in own professional field. Regard way of doing things, Russians always take a clear-cut stand, which have big difference from middle course. In 2014, sanction and devaluation of the ruble is the most hot news in Russian. In the economic development of 2015, Russian will face historical change.

Forecst: Russia will find more new cooperation in Far-east, Siberia, Gold brick countries, in order to antagonism sanction of Europe.

Since March 2014, due to the implementation of the Ukrainian question the United States and the European Union carry out rounds of sanctions against Russia. December 18, the European Union announced new sanctions measures to Crimea, the same day US President Barack Obama signed the bill on Russia to expand sanctions. December 19, Canada also joined the ranks of the sanctions, restricting on the export of energy technology. Another round of sanctions make snow plus frost -- one disaster after another to Russia's energy, commodities, financial market. Economic sanctions have cut off a large Russian companies and banks to the US and European capital markets financing channels. If the capital market is still closed within the next 12 months, the risk of default in Russia will rise.

Along with the intensify of difference between Russia, Europe and the United States, the focus of economic development will be possible to gradually move to the Far East, Siberia, as well as a member of the BRIC countries, cooperation will be more comprehensive. For example the cooperation between China and Russia, Russia will increase cooperation with China in the field of energy, food industry, currency swap area. Russia and North Korea will be more closer because of the sanction.

Summary

Although the Russian economy is not optimistic, the ruble devaluation, severe capital outflows, Europe intensified sanctions, however, Putin's approval ratings rise, not fall. November, Putin's approval ratings as high as 85%. If we say that tough national character makes Russia in difficult position, then only "tenacious" and "unyielding" belief will push Russia through obstacles in 2015. Based on the huge potential of this market, although the current situation is not optimistic, but the outlook is still very good, we still do just as last year, chose to continue to participate with us lifting machinery related to CTT exhibition, and we believe we will have a good harvest!

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