First Vice-President of the Russian-Asian Union of Industrialists and Entrepreneurs and grandson of the former Chinese leader liu Shaoqi margaritas Fedotov Izvestia reported an increase in Russian-Chinese trade.
Fedotova said that in the Russian market, which left Russia due to sanctions, goods from the West were replaced by Chinese goods.
Quoting the words of the vice-president of the Russian-Asian Union, Izvestia said, “Chinese manufacturers are now actively occupying empty niches in the market: actively producing Chinese-made cars, household appliances, etc.
Fedotova noted that in recent years, exports and imports of goods between Russia and China, as well as the volume of investment and joint production, have increased. Economic relations between countries are growing and strengthening in various fields.
Earlier, Putin announced that Russia is ready to support China’s business amid the withdrawal of Western businesses.
I am Annabelle Sampson and I work for The News Dept as an author for their news department. My main focus is on economy news, but I also cover other topics such as business, finance, and current affairs. My writing has been featured in prominent publications such as The Wall Street Journal, Forbes Magazine, and the Financial Times. I have a passion for learning more about economic trends and understanding how they affect businesses of all sizes. To stay up to date with the latest developments in the field of economics, I make sure to keep track of reliable sources like Bloomberg News or Reuters. In addition to my writing work, I often provide consultation services related to economic matters for clients both large and small.