Following Russian President Vladimir Putin's state visit to China, business communities of both countries are seeing expanding opportunities in bilateral trade and economic cooperation, said a senior representative from Yandex, a leading internet and e-commerce platform in Russia.
In an interview with China Global Television Network, Sergey Ustinov, news speaker and general manager of Ads in Asia Pacific of Yandex, highlighted the growing presence of Chinese brands in the Russian market and vice versa, and said the recent leaders' meeting is giving that trend a powerful push.
"What a high-level meeting like this does is send a clear signal to the broader business community in China that Russia is a market worth moving toward – seriously and strategically. For companies watching from the sidelines, that signal matters. For those already here, it will accelerate their ambitions," Ustinov said.
He added that as a platform bridging the Russian market with Chinese partners, Yandex sees major opportunities in the energetic moves of Chinese companies.
"Yandex will be ready. We have the ecosystem, the local expertise, and the partnerships to support Chinese companies at every stage of that journey," he said.
China-Russia leaders’ meeting brings confidence to business community: Yandex representative
China supports enterprises in safeguarding their legitimate rights and interests through legal means, said a Foreign Ministry spokesperson, adding that China is closely following the developments after the UK nationalized British Steel and will do what is necessary to protect its rights.
The spokesperson made the remarks on Saturday when asked to comment on the UK's move to nationalize British Steel.
According to reports, the UK government announced on Thursday that it had nationalized British Steel in accordance with the Steel Industry (Nationalization) Act, taking over the enterprise previously controlled by China's Jingye Group, and will establish a compensation mechanism through secondary legislation, with an independent assessment to determine whether compensation is needed. UK Prime Minister Keir Starmer stated that this decision safeguards the future of the UK's steel industry and protects skilled jobs.
"Let me stress that this matter has drawn close attention from the Chinese public," the spokesperson said, noting that how the UK handles this matter will directly influence how Chinese investors view the investment environment in the UK and its government's credibility.
The spokesperson said that China and the UK have signed an agreement concerning the protection of investments, and the legitimate rights and interests of investors must be fully protected in accordance with the law.
"China urges the UK to earnestly respect market principles and the spirit of contract, and find solutions on compensation and other issues acceptable to both sides," the spokesperson added.
On Friday, a Chinese commerce ministry spokesperson said China firmly opposes and expresses strong dissatisfaction over the UK government's decision to nationalize British Steel.
China to do what is necessary to protect its rights after UK nationalizes British Steel: spokesperson
