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Ukraine war

Chinese regions chase business opportunities in Russia as West exits

Authorities keen on greater trade but wary of encouraging new investments

China has maintained trade with Russia even as major economies like the U.S. impose extensive sanctions on Russia.   © Reuters

BEIJING -- As Beijing opposes Western sanctions over Russia's invasion of Ukraine, local Chinese governments are eager to support companies' expansion into a Russian market that global multinationals have abandoned.

In an online forum geared toward investors, Shanghai-listed Senci Electric Machinery said it is looking for opportunities in Russia and Ukraine and will set up a sales team "at an appropriate time."

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