Western exodus from Russia a boon for Chinese companies – leading entrepreneur ...News

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Western exodus from Russia a boon for Chinese companies – leading entrepreneur
Chinese carmakers now make up around 40% of the Russian market, up from last year’s 5%, a prominent businessman told RT Chinese companies have greatly benefited from the pullout of Western companies from the Russian market, Zhou Liqun, chairman of the Chinese Entrepreneurs’ Union of Russia, told RT on Sunday. Speaking on the sidelines of the Eastern Economic Forum (EEF) in Vladivostok, Zhou said Chinese businesses have been actively filling the niches left by the exit of Western companies and are eager to expand their presence in Russia further. “The withdrawal of Western companies from Russia has created vast opp

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