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Adding insult to injury, Germany (and other European carmakers) voluntarily withdrew from Russian market, writing down local assets. Then Chinese companies ente
by reisse 3y ago
Adding insult to injury, Germany (and other European carmakers) voluntarily withdrew from Russian market, writing down local assets. Then Chinese companies entered the country, negotiated very cheap reusing of abandoned factories (the main condition AFAIK was just to keep people employed), and now dominate the Russian market.
And even the new VW cars sold in Russia are now Chinese-built versions imported without VW's consent.
- red-iron-pine 3y agoMeh. At this point China will dominate most things in the Russian market. They're gutting their economy and exacerbating a demographic crisis via heavy losses and huge departures. Outside of nukes they will otherwise be China's pet for the next few decades.