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Chinese Companies Are Not Willing to Leave

Started by PocketOption, Mar 05, 2022, 05:46 am

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Chinese Companies Are Not Willing to Leave

China and

Chinese Companies Are Not Willing to Leave


Companies from Europe and America are rapidly leaving the n Federation after it invaded e. Nevertheless, Chinese companies are not willing to leave the local market. Leaders of Western countries denounced and sanctioned  and the country's leader Vladimir Putin. ’s ally China refused to call the attack an invasion.


On Tuesday, Apple stopped selling products in the country. The company also removed n state-backed media outlets RT News and Sputnik News from around the world except for . Google removed both news outlets from its PlayStore in Europe as well.


Nike also made an interesting decision. It made online purchases of its goods unavailable in  saying it can't guarantee delivery of goods in the country. In the meantime, major movie studios including Disney and Warner Bros. halted theatrical releases of upcoming films in the country.


Besides, Mastercard and Visa blocked n financial institutions from their payments networks.


Chinese companies and politics 


China and  are close allies. So, it is not surprising that Chinese companies are not willing to leave . 


In December, Chinese leader Xi Jinping held a call with Vladimir Putin. 's longtime leader called Xi his "dear friend" and said relations between the two countries reached an "unprecedentedly high level". 


's ally hasn’t reacted to  of e with condemnation and sanctions like Western countries. Moreover, authorities avoided calling the attack an invasion and instead deflected blame for it onto the U.S. 


Many companies from the West voiced their position regarding the war and reduced business in the country. Nevertheless, Chinese companies remained silent. They don't want to anger the government of China by taking a political stance. 


However, TikTok made the decision to restrict access to n state-controlled sites RT and Sputnik in the European Union. 


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