Chinese-linked businesses account for a quarter of foreign companies in Russia, while the number of active companies with Chinese founders has surpassed 15,500. Boris Titov, co-chair of the Russia-China Friendship, Peace and Development Committee, announced the figures.
Titov recalled that the number of companies with Chinese founders stood at approximately 1,400 toward the end of 2021. He said the increase was not merely a percentage rise, but a several-fold growth in the total number.
The seventh Russia-China Entrepreneurs Forum is being held at the Russian National Center on September 10-11. Titov said Russia was no longer merely a market for Chinese partners but had also become a production base.