Alexei Druzhinin/RIA Novosti/ReutersSince Russia’s 2014 crisis in its relationship with the West, the country has attempted to pivot to the East, most notably towards China. However, economic woes and a sharp decline in commodity prices have left many announced investment projects hanging in the air. Yet unlike the partnership in the “real” economy, where prospects for major breakthroughs are still unclear, Sino-Russian cooperation in the digital economy is already robust and mature.
From December 16 -18, the small, touristy town of Wuzhen, dubbed “the Chinese Venice” and located just 130 km from Alibaba Group’s headquarters in Hangzhou, will host the second …read more
Source: Business Insider
