The confiscations hurt but the job cuts are also a future-looking statement: they think that Germany is a less useful place now for basing their production due to the higher energy costs. This trend is visible in many industries, but of course it's more pronounced in the energy intensive sectors.
> Hey, look, China! Let's invest another 10 billion there.
China is a rapidly growing economy. Where else should they invest? Also note, that unlike Russia even before the war, it's also the biggest trading partner of the USA. The USA was able to profit from the Ukraine war so much because they didn't have any relevant trading relationships with Russia, so it was easy for them to demand sanctions. But if there should ever be a time where China does something that requires sanctions, then the USA will feel it a lot. So it's a different situation here.
Ultimately, if there is trade then there is also a common benefit. Russia brought cheap gas to europe, which was really great for the european economy.
> Hey, look, China! Let's invest another 10 billion there.
China is a rapidly growing economy. Where else should they invest? Also note, that unlike Russia even before the war, it's also the biggest trading partner of the USA. The USA was able to profit from the Ukraine war so much because they didn't have any relevant trading relationships with Russia, so it was easy for them to demand sanctions. But if there should ever be a time where China does something that requires sanctions, then the USA will feel it a lot. So it's a different situation here.
Ultimately, if there is trade then there is also a common benefit. Russia brought cheap gas to europe, which was really great for the european economy.