Russian bank VTB sees new opportunities in China. Photo: Bloomberg

Russia’s VTB bank looks to China as Moscow’s relations remain frozen with West

  • Russian bank VTB hopes closer ties between Beijing and Moscow will enable the lender to expand further into China
  • The two neighbours have sought stronger economic ties following Western sanctions on Russia over the Ukraine crisis and China’s trade war with the US
Topic |   China and Russia relationship

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Russian bank VTB sees new opportunities in China. Photo: Bloomberg
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October’s fall in industrial profits to was worse than a 5.3 per cent contraction in September. Photo: EPA-EFE

China’s October industrial profits post biggest fall since 2011 amid trade war and sliding producer prices

  • Profits at China’s industrial enterprises shrank 9.9 per cent in October from a year earlier, the biggest fall since 2011
  • The contraction shows continued problems for the world’s second largest economy as it battles slow growth amid a trade war with the United States
Topic |   China economy

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October’s fall in industrial profits to was worse than a 5.3 per cent contraction in September. Photo: EPA-EFE
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