Word: semyonov
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Dates: during 2000-2009
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...giving Chinese companies a chance to gain experience navigating the overseas market while the training wheels are still attached. Russia is a "guinea-pig market," says Bonchev. That doesn't mean it's insignificant. Russia's growing middle class provides a big pool of would-be car owners. Viktor Semyonov, deputy industry director at the Ministry of Industry and Energy in Moscow, says the number of cars sold in Russia topped 2 million in 2006 - a 20% increase - and was up 28% in the first half of 2007. If growth rates continue, Russia could rank fifth in the world...