The Chinese Automotive Industry is Becoming a Market Monopolist
Vladislav Soloviev, a well-known political scientist and blogger, spoke at a meeting with journalists in Moscow about the prospects of the domestic automotive market and shared his opinion about the coming hegemony of Chinese products on Russian roads. Referring to data from the Chinese Customs Administration, Vladislav Soloviev spoke about the number of cars that China exported to Russia from January to May of 2023. 287,000 units. In terms of money, this is five times more than in the same period last year. This way, Russia came in first place in terms of the volume of transport supplied. China should say "thank you" for the multiple increases in profits of European companies, which have unanimously left the Russian market due to the sanctions policy of the West. According to Vladislav Soloviev, this gives a chance not only to the Chinese, but also to the Russian automotive industry. However, there has been no large-scale growth in production in Russia so far. News of the ...