If Russia is cut off from international payment flows, China could step in with an expansion of its yuan trade. However, it cannot fully replace the dollar for Russia. Moreover, the Russian financial market would become completely dependent on China.
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On the road to a greener electricity mix, power security is also an important matter for China. Just last fall, power shortages even crippled factories in some provinces. A massive expansion of power storage facilities is supposed to ensure that something like that doesn't happen again - but there are difficulties with financing.
By Nico Beckert
The joint venture requirement, which has been criticized by Western companies for many years, has been relaxed. In addition, the Chinese leadership has also simplified direct investment in the People's Republic. However, what sounds like an opening of China's economy should be approached with caution.
By Christian Domke Seidel
