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Saturday, March 25, 2023

Moscow and Beijing could benefit from the withdrawal of Western brands from the Russian market | Freepik Company SL

Russia and China can benefit from each other after the withdrawal of Western companies from the Russian Federation. Shared this opinion with TASS Deputy Director of the Institute of Economics and Business Administration at Central China Pedagogical University (Wuhan) Zhou Weidi.

According to him, Chinese companies could continue to invest in the Russian economy after the withdrawal of foreign brands. For companies in the PRC, both exporters of goods and those investing in Russia, this is a great opportunity.

The agency’s interlocutor added that the process of filling the niches that emerged after the withdrawal of Western companies from Russia is in line with the goals of Sino-Russian strategic cooperation. This is beneficial for both states, Zhou Weidi said.

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