Russian Firms Relocate to China Amid Sanctions, Cheap Credit

Thousands of Russian companies are moving operations to China, attracted by low taxes, 3% loans, and investment grants, as Western sanctions, labor shortages, and high domestic costs cripple Russian business. This marks a structural shift in Russia's economic alignment toward China, deepening bilateral dependence. The scale and permanence of the relocation remain uncertain, but the trend signals a lasting reorientation of Russian commerce.