Good Morning. Welcome to The Wire’s daily news roundup. Each day, our staff gathers the top China business, finance, and economics headlines from a selection of the world’s leading news organizations.
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The Wall Street Journal
Russian Banks Turn to China to Sidestep Cutoff From Payments Systems — Sberbank, Alfa Bank and Tinkoff Bank said they are working on the possibility of issuing cards powered by China’s UnionPay.China Opposes Sanctions and Has a Reputation for Busting Them — Sanctions on Russia for Ukraine war could prove less effective if China offers market access.Chinese Tech Firms Weigh Opportunities in Russia After Western Pullout — Seizing market share from Apple, HP and others ceasing sales amid Ukraine war might not be so easy given mounting obstacles.TikTok and Netflix Pull Back From Russia, Adding to Its Tech
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