Chinese Exports to Russia Decline After Invasion of Ukraine

Chinese Exports to Russia Decline After Invasion of Ukraine
Cargo containers are stacked at Yantian port in Shenzhen in China's southern Guangdong Province on June 21, 2021. STR/AFP via Getty Images
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China’s exports to Russia declined in March, official data showed on April 13, in a sign that Chinese companies may be displaying more caution when it comes to trading with Moscow following its invasion of Ukraine in February.

Data show that Chinese firms sold $3.8 billion worth of goods to Russia in March, representing a 7.7 percent decline from a year earlier and the lowest amount since May 2020 amid the COVID-19 pandemic, which drastically affected global trade.
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