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War in Ukraine Has China Cashing In
(www.nytimes.com)
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this post was submitted on 21 Dec 2023
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This is the best summary I could come up with:
Xi Jinping, China’s top leader, and Russia’s president, Vladimir V. Putin, have made numerous public demonstrations of the nations’ close ties.
“Maintaining and developing China-Russian relations well is a strategic choice made by both sides on the basis of the fundamental interests of the two peoples,” Mr. Xi said as he met in Beijing on Wednesday with the Russian prime minister, Mikhail Mishustin.
German manufacturers like Mercedes-Benz and BMW used to be strong sellers in Russia, but they have pulled out in response to sanctions on the country by Europe, the United States and their allies.
But lower-middle-class and poor Russian families, whose members make up the bulk of the soldiers fighting the war, have stepped up purchases of affordable Chinese cars, according to Alexander Gabuev, the director of the Carnegie Russia Eurasia Center.
“Never before have we seen automakers from a single country gobble up so much market share so quickly — the Chinese came into a windfall,” said Michael Dunne, an Asia automotive consultant in San Diego.
But some laborers are finding work on the 2,600-mile Russian border, which until this year had a dearth of truck stops, customs processing centers, rail yards, pipelines and other infrastructure.
The original article contains 1,171 words, the summary contains 199 words. Saved 83%. I'm a bot and I'm open source!