China’s manufacturers feel the pain of Ukraine crisis as customers have ‘no desire to pay’

Mar 2, 2022 | INVESTING

Manufacturers in China are starting to feel the pain of the unfolding crisis in Ukraine as financial sanctions placed on Russia have started to filter through to export customers.Commerce Minister Wang Wentao said on Tuesday that China was hoping to “promote our normal trade” with both Russia and Ukraine, with Beijing still attempting to walk the diplomatic tightrope between Moscow and Kyiv.“My Ukrainian and Russian business has been directly impacted,” said Bob Yao, co-founder of a digital…

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