Chinese firms seeking foothold in Russia after Western exodus – economist ...News

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Chinese firms seeking foothold in Russia after Western exodus – economist
Sanctions have opened the Russian market up for innovative products and investment from China, according to an expert Chinese companies are looking to fill vacant niches in the Russian market after the departure of Western firms due to sanctions, a member of the Russian-Chinese Technology and Innovation Chamber, Wu Zhang, has said.  A host of Chinese businesses are interested in investment projects in Russia and are keen to build plants and showrooms to display their products, in particular, innovative household appliances, auto parts, and robotics, Wu said at a meeting of Russia’s Association of Small Businesses

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