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Pyongyang – which has an economy almost entirely dependent of China – is believed by Western governments to be aiding Russia with war supplies. Xi has ramped up his calls for Europe and other countries to help the world avoid a “Cold War,” suggesting they resist what Beijing sees as US efforts to contain China. They have also criticized Israel and the United States – converging with mounting global backlash, especially across the Global South against Israel’s war. The conflict has also impacted how China and Russia view their relations with countries there, he added. China “wants to use Russia” for its aims, but Russia is making China weak, he said.
Persons: Xi Jinping, Vladimir Putin, Putin, , It’s, China –, Xi, France –, Jens Stoltenberg, Sergei Guneyev, , Li Mingjiang, Manoj Kewalramani, Russia doesn’t, Stringer, Gaza —, Sergey Lavrov, presser, Wang Yi, Israel, , Privately, Shen Dingli, China “, Alexander Dugin, Donald Trump, Li Organizations: Hong Kong CNN, West, NATO, Forum, Singapore’s Nanyang Technological University, EU, Takshashila, Boys, Getty, United, Global, Shanghai Cooperation Organization, Russia, Weibo, Moscow, CNN Locations: Hong Kong, China, Russian, Gaza, Ukraine, Moscow, Washington, Iran, North Korea, Pyongyang, Russia, Tehran, Beijing, Europe, France, Serbia, Hungary, Bangalore, Rafah, AFP, Israel, United States, Kewalramani, South, Taiwan, Shanghai, Singapore
When China’s top leader, Xi Jinping, hosts President Vladimir V. Putin of Russia in China this week, it will be more than two years since the two autocratic leaders declared a “no limits” partnership to push back against what they consider American bullying and interference. Growing challenges from the West have tested the limits of that partnership. Mr. Xi is walking a narrowing tightrope, coming under increasing diplomatic and economic pressure to curtail Chinese support for Russia and its war in Ukraine. “China sees Russia as an important strategic partner and wants to give Putin proper respect, but it also wants to maintain sound relations with Europe and the United States for economic reasons and beyond. It is a very difficult balancing act,” said Shen Dingli, a Shanghai-based international relations scholar.
Persons: Xi Jinping, Vladimir V, Putin, , Shen Dingli Locations: Russia, China, Ukraine, Europe, Beijing, United States, Shanghai
U.S. President Joe Biden meets Chinese President Xi Jinping on the sidelines of the G-20 leaders' summit in Bali, Indonesia, on Nov. 14, 2022. The Biden administration announced stiff new tariff rates Tuesday on $18 billion worth of Chinese imports. Starting this year, President Joe Biden will quadruple tariffs on imported Chinese electric vehicles, from 25% to 100%. And tariffs on some Chinese steel and aluminum imports will increase more than three-fold, from 7.5% today up to 25%. First-time tariffs will be imposed on Chinese imports of medical needles and syringes, as well as massive ship-to-shore cranes, the White House said in a fact sheet.
Persons: Joe Biden, Xi Jinping, Biden, Katherine Tai Organizations: . Trade Locations: Bali , Indonesia, China
Chinese state media played up the warm diplomacy, with headlines proclaiming China’s “ironclad” bond with Serbia and “golden friendship” with Hungary. Both are sure to closely watch any summit between Xi and Russian President Vladimir Putin in China, expected to happen soon. Chinese leader Xi Jinping is welcomed at the airport in Belgrade on May 7 for his two-day state visit. Xi also marketed a shared worldview during his meeting with Orban in Hungary, which is a member of both the EU and NATO. Chinese leader Xi Jinping talks with Hungarian Prime Minister Viktor Orban in Budapest on May 9.
Persons: Xi, Peng Liyuan, Aleksandar Vucic, Viktor Orban, China’s, Vucic, Orban –, Emmanuel Macron, Ursula von der, Vladimir Putin, Orban, Hungary “, ’ ”, Philippe Le Corre, , Putin, Le Corre, Xi Jinping, Dimitrije Goll, Xi’s, Serbia’s Vucic, ” Vucic, Bruno Le Maire, BYD, Liu Dongshu, Vivien Cher Benko, Tamas Matura, Mark Rutte, Olaf Scholz, Matura, Von der, “ Orban, Gabor Scheiring Organizations: Hong Kong CNN, Russia, Ukraine, China, Europe …, Asia Society, Center for, Forum, Anadolu, Getty, EU, NATO, , Xi, Hong Kong’s City University ., Hungarian, Central, Dutch, Georgetown University Locations: Hong Kong, France, Ukraine, China, Belgrade, Budapest, Paris, Serbian, Hungarian, Serbia, Hungary, Europe, Russia, Russian, , Europe … Hungary, Center for China, Beijing, United States, EU, Hong, Central, Eastern Europe, Eastern, Moscow, Qatar, “ Hungary
CNN —Right-wing populists are set to make unprecedented gains in the elections to the European Parliament taking place next month. Polling data suggests that far-right Members of the European Parliament (MEPs) could have enough seats to, together, block the passage of European Union legislation, creating a massive headache for the union as a whole. “For some countries, that is a six-month process, in others it can take two years,” a senior European Parliament source told CNN. Britain's Nigel Farage used his seat in the European Parliament to promote Brexit. It only becomes an issue if they are working with foreign powers to advance their agenda,” an EU security source told CNN.
Persons: Ursula von der Leyen, Yiannis Kourtoglou, Reuters “, , James Shires, you’ll, don’t, Britain's Nigel Farage, SEBASTIEN BOZON, it’s, Organizations: CNN, Parliament, European, Reuters, , Brexit, Getty, British, EU, Brussels Locations: Brussels, China, Russia, Strasbourg, AFP, Britain, Ukraine, EU, Europe
Not surprisingly, China’s leaders did not like what they heard, and they didn’t budge. Years of erratic and irresponsible policies, excessive Communist Party control and undelivered promises of reform have created a dead-end Chinese economy of weak domestic consumer demand and slowing growth. The only way that China’s leaders can see to pull themselves out of this hole is to fall back on pumping out exports. The tide of Chinese exports will continue, tensions with the United States and other trading partners will grow, China’s people will become increasingly unhappy with their gloomy economic prospects and anxious Communist Party leaders will respond with more repression. It is baked into China’s political system and has only worsened during President Xi Jinping’s decade in power.
Persons: Antony Blinken, Janet Yellen, that’s, Xi Organizations: Communist Party Locations: Beijing, United States
What's more, Xi Jinping has told the Chinese military to prepare for war and said that reunification with Taiwan is inevitable. But not everyone thinks a Chinese military move is necessarily imminent. If China was actively preparing for a near-term invasion of Taiwan, Kennedy said there are a few things he might expect to see first. AdvertisementIf China does invade, the global economic impact would be huge, and despite its efforts to secure its economy, China would likely be far from unscathed. "Any action against Taiwan would be disastrous for China's economy," Chilukuri said.
Persons: , Vivek Chilukuri, Scott Kennedy, It's, Chilukuri, Xi Jinping, China's, Jinping, Kennedy, he'd Organizations: Service, Business, West, Center, New, New American Security, Center for Strategic, International Studies Locations: China, Southeast Asia, Europe, US, Taiwan, New American, United States, Russia, Ukraine, Hong Kong
Pres. Xi wraps up Europe tour: Here's what to know
  + stars: | 2024-05-10 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPres. Xi wraps up Europe tour: Here's what to knowCNBC's Eunice Yoon joins 'Squawk Box' to report on the latest news.
Persons: Xi, Eunice Yoon
According to the business chamber's survey, just 13% view China as a top investment destination — a record low. EU firms' China operations are 'decoupling' from their headquartersIt's not just the gloomy economy and slowing demand that are weighing on investor confidence. EU firms have also started to "decouple" their operations in China as the number of foreign nationals employed locally falls. It also makes it increasingly difficult for the China operations of the EU firms to get approval from their headquarters. The European business chamber called for "full access to legitimate and trustworthy sources of economic data" in its report.
Persons: , Xi Jinping, It's, Jens Eskelund Organizations: Service, European Union Chamber of Commerce, Business Locations: Europe, France, Serbia, Hungary, China
The Chinese leader, Xi Jinping, received a gift of fine cognac at the Élysée Palace in Paris and was cheered in Belgrade by Serbians waving Chinese flags, albeit most of them were bused-in government workers. And by the time he left Hungary on Friday at the end of a six-day European tour, the clouds over his country’s relations with the West looked much less dark, at least from China’s perspective. Mr. Xi told President Emmanuel Macron of France that relations would be “as vibrant and thriving as springtime.” At his next stop, he said the “tree of China-Serbia friendship will grow tall and sturdy.” In Hungary, Mr. Xi told Prime Minister Viktor Orban that their countries were poised to “embark on a golden voyage.”The Chinese state-run news media, never less than glowing about Mr. Xi, went to strenuous lengths to present his European meetings as a triumph.
Persons: Xi Jinping, Xi, Emmanuel Macron, Viktor Orban Locations: Paris, Belgrade, Hungary, France, China, Serbia
President Xi Jinping of China on Thursday found another safe zone in a continent increasingly wary of his country, meeting in Budapest with the Hungarian prime minister, Viktor Orban, the European Union’s perennial odd-man-out as a vocal supporter of warm relations with both China and Russia. As happened at his previous stop in Serbia, Mr. Xi received a rapturous welcome and was spared from protesters, with his motorcade from the airport on Wednesday evening taking a roundabout route into the Hungarian capital, avoiding Tibetan protesters. Police banned a protest planned for Thursday in the center of Budapest and a large Tibetan flag that had been hoisted on a hill overlooking the venue of a welcome reception was covered with a Chinese one. In an article in Magyar Nemzet, which is controlled by Mr. Orban’s governing Fidesz party, Mr. Xi gushed about his “deep friendship” with Hungarian leaders and described Hungary as a trusted “traveling companion” on what he called a “golden voyage” that had taken relations to their “best period of history.” Hungary, he noted, was “the No. 1 target in the central Eastern European region for Chinese investment.”
Persons: Xi Jinping, Viktor Orban, Xi, Orban’s, Xi gushed, Organizations: Police, Fidesz, Locations: China, Budapest, Russia, Serbia, Magyar, Hungary, ” Hungary
Last October it removed curbs in most districts, and in March loosened restrictions on purchases of second homes. Other cities have also taken major steps to make the process of buying property easier. Changsha, the capital city of Hunan province, has also lifted home purchase curbs since last month. “The April Politburo meeting set a more supportive tone for the property sector, prioritizing the reduction of existing home inventory,” they said. “This may suggest that more local governments may be allowed to purchase homes directly from the market for social housing purposes.”
Organizations: Hong Kong CNN, Geely, Hangzhou Housing Security, Real, Administration, Getty Images, homebuyers, Communist Party, UBS Locations: China, Hong Kong, Hangzhou, Chengdu, China's, Sichuan, Getty Images Chengdu, Changsha, Hunan province, Evergrande, Beijing
If former President Donald Trump wins a second term in the November election, expect him to try to stay in power beyond his allotted four years, says Nobel Prize-winning economist Joseph Stiglitz. Right now, a second Trump term is a real possibility. AdvertisementInstead, Trump is more likely to declare a state of emergency, Stiglitz said, in an attempt to delay or cancel elections. The executive branch has no power to move the date of elections, according to the National Constitution Center. AdvertisementChanging an election date via Congress would need the approval of both the Senate and the House of Representatives, and the two chambers would have to come up with a new election date, per the National Constitution Center.
Persons: Donald Trump, Joseph Stiglitz, Putin, Orbán, Bolsonaro, Stiglitz, Trump, Joe Biden, Brad Raffensperger, Mike Pence, I'm, Pence, Ronald Reagan Organizations: Service, Business, Trump, RealClearPolitics, Georgia, Capitol, Republican Senate, Congress, National Constitution Center, Senate, Representatives, Constitution Center, Congressional Research Service, CRS, :, Good Society Locations: Ohio
The proposal covers a range of issues, including minimum technical standards and ecological guidelines for battery production. AdvertisementChina's battery production in 2023 alone was already big enough to fill global demand, according to an analysis from BloombergNEF. China's global share of battery manufacturing capacity is expected to fallDespite the West's consternation, there is an upside for the bloc. China's global share of battery manufacturing is expected to decline in the years ahead, according to a report from the International Energy Agency, or IEA, published on Monday. AdvertisementChina now accounts for more than 80% of battery manufacturing capacity, followed by the US and the EU with around 5% each, per the IEA.
Persons: China's, , Xi Jinping's, Louise Loo, Loo, Chim Lee, Lee Organizations: Service, China's Ministry of Industry, Information Technology, European Union, Oxford Economics, Economist Intelligence, International Energy Agency, US, EU Locations: China, Beijing, Canada, Europe, India
China and Serbia on Wednesday proclaimed an “ironclad friendship” during a visit to Belgrade by the Chinese president, Xi Jinping, underlining the close political and economic ties between two countries that share a wariness of the United States. Mr. Xi arrived in Serbia late Tuesday — the 25th anniversary of a mistaken 1999 airstrike involving the U.S. Air Force during the Kosovo war that destroyed the Chinese Embassy in Belgrade, the Serbian capital. Three Chinese journalists were killed in the strike. “This we should never forget,” Mr. Xi said in a statement published on Tuesday by Politika, a Serbian newspaper, recalling that “25 years ago today, NATO flagrantly bombed the Chinese Embassy.” He said that China’s friendship with Serbia had been “forged with the blood of our compatriots” and “will stay in the shared memory of the Chinese and Serbian peoples.”Mr. Xi appeared briefly on Wednesday morning with the Serbian president, Aleksandar Vucic, before a cheering crowd gathered in front of the Palace of Serbia, the former headquarters of the now defunct government of Yugoslavia that now houses Serbian government offices.
Persons: Xi, Mr, , , Aleksandar Vucic Organizations: Wednesday, U.S . Air Force, Embassy, Politika, NATO flagrantly, Serbian Locations: China, Serbia, Belgrade, United States, Kosovo, Serbian, Yugoslavia
Carlos Barria | Afp | Getty ImagesDifferences between U.S.-led Western and China-aligned economic blocs threaten global trade cooperation and economic growth, a top official with the International Monetary Fund warned on Tuesday. IMF Deputy Managing Director Gita Gopinath said in a speech at Stanford University that events such as the global pandemic and Russia's invasion of Ukraine have disrupted global trade relations in ways not seen since the Cold War. "Increasingly, countries around the world are guided by economic security and national security concerns in determining who they trade with and invest in," she said, adding that this has resulted in countries increasingly picking sides between China and the U.S. Trade between the China and U.S. blocs has declined compared with trade among countries within the groupings, Gopinath said. The U.S. bloc mainly includes Europe, Canada, Australia and New Zealand, while China-leaning countries include Russia, Eritrea, Mali, Nicaragua and Syria.
Persons: Xi Jinping, Carlos Barria, Gita Gopinath, Gopinath Organizations: National Committee, China Relations, China Business Council, Economic Cooperation, APEC, Afp, International Monetary Fund, Stanford University, U.S, IMF, Trade, West Locations: Asia, San Francisco , California, China, Ukraine, Washington, Beijing, U.S, South, Taiwan, Europe, Canada, Australia, New Zealand, Russia, Eritrea, Mali, Nicaragua, Syria
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFrance, Germany and China trying to create positive tit-for-tat relationship, professor saysDouglas Yates, professor at the American Graduate School in Paris, discusses how President Xi's recent trip to France reflects China and the EU's attempt to navigate increasing polarisation, subsidies and Russia.
Persons: Douglas Yates, Xi's Organizations: American Graduate School Locations: France, Germany, China, Paris, Russia
That vessel has since sunk, scuppered by China’s support for Russia in the war in Ukraine and bitter disappointment over projects that never materialized. Also capsized are many of the high hopes that took hold across Eastern and Central Europe for a bonanza of Chinese money. So when Mr. Xi returns to the region this week, after a visit to France, he will travel to Serbia and Hungary, two countries whose long-serving authoritarian leaders still offer a haven for China in increasingly turbulent political and economic waters. “The Czechs, the Poles and nearly everyone else are really pissed at China because of the war,” said Tamas Matura, a foreign relations scholar at Corvinus University of Budapest. “But in Hungary that is not a problem, at least not for the government” of Prime Minister Viktor Orban, Mr. Matura said.
Persons: Xi Jinping, Europe’s, Xi, , Tamas Matura, Viktor Orban, Matura Organizations: Corvinus University of Budapest Locations: Czech Republic, Russia, Ukraine, Eastern, Central Europe, France, Serbia, Hungary, China,
China's Xi backs Macron call for global Olympic truce
  + stars: | 2024-05-07 | by ( ) www.cnbc.com   time to read: +3 min
Emmanuel Macron, France's president, right, greets Xi Jinping, China's president, ahead of the state dinner marking the visit at the Elysee Palace in Paris, France, on Monday, May 6, 2024. Xi called on France to help fend off a "new Cold War" as the EU increasingly aligns with U.S. concerns over security risks and trade tensions. China's President Xi Jingping on Monday called for a global truce during the Olympic Games in Paris this summer after the French president and the head of the European Commission urged him to use his influence on Russia to end its war in Ukraine. As member of the United Nations Security Council and as a responsible country, China urges with France for a truce in the world during the Paris Olympic games," Xi said, speaking through an interpreter alongside Macron during a joint statement. Russia has previously been lukewarm about a truce saying Ukraine might use it as an opportunity to regroup and rearm.
Persons: Emmanuel Macron, Xi Jinping, Xi, Xi Jingping, Ursula von der, Macron, Vladimir Putin, Putin's Organizations: Olympic Games, European Commission, United Nations Security Council, Paris Olympic, Paris, Games, Paralympic Games Locations: Paris, France, EU, Russia, Ukraine, Europe, China, Moscow, Russian, Switzerland
French President Emmanuel Macron (R) shakes hands with Chinese President Xi Jinping after delivering a joint statement at the Elysee Palace, as part of the Chinese president's two-day state visit in France, in Paris on May 6, 2024. The French president his Chinese counterpart for a state visit on May 6, 2024, seeking to persuade the Chinese leader to shift positions over Russia's invasion of Ukraine and also imbalances in global trade. (Photo by Sarah Meyssonnier / POOL / AFP) (Photo by SARAH MEYSSONNIER/POOL/AFP via Getty Images)Shares of several French cognac makers rallied on Tuesday after France's President Emmanuel Macron suggested that trade tensions between China and the European Union, which could impact the drinks makers, may ease. France's Macron on Monday addressed the ongoing trade dispute with Chinese President Xi Jinping and gifted him a top-range bottle of French cognac which reportedly retails at over $3,200. "I thank the president for his open attitude regarding provisional measures on cognac and for his wish not to implement them," Macron said in a press conference on Monday.
Persons: Emmanuel Macron, Xi Jinping, Sarah Meyssonnier, SARAH MEYSSONNIER, Pernod Ricard, Remy Cointreau, France's Macron, Macron Organizations: Getty, European Union Locations: France, Paris, Ukraine, China, Europe
“China is neither the creator of the crisis, nor a party to it or a participant. The trip will also see Xi visit Serbia and Hungary, with the leader’s visit to Belgrade coinciding with the 25th anniversary of NATO’s bombing of the Chinese embassy in the city that killed three. Beijing has defended its trade with Russia as part of normal bilateral ties; it also says it does not provide weapons to parties in conflict. It has not been accused of sending lethal weapons to Russia, but rather goods with military use. Beijing supports efforts recognized by both Russia and Ukraine, with “equal and just discussions of all possible peace plans at the conference,” he said.
Persons: Xi Jinping, ” Xi, Emmanuel Macron, Ursula von der, , ramped, Macron, Xi “, he’s, , ” Macron, presser, Xi, Vladimir Putin, von der Leyen, Putin Organizations: Hong Kong CNN, French, European, NATO, Biden, Kyiv Locations: Hong Kong, Ukraine, China, Europe, Moscow, “ China, Paris, Washington, Beijing, Russian, Serbia, Hungary, Belgrade, Serbian, Balkans, Russia, France, , Israel, Switzerland
Macron Adds a Personal Touch to His Diplomacy With China
  + stars: | 2024-05-07 | by ( Roger Cohen | ) www.nytimes.com   time to read: +1 min
The French president, Emmanuel Macron, who believes that a personal touch is the key to diplomacy, lured President Xi Jinping of China to a 7,000-foot pass in the Pyrenees on Tuesday, expecting to show off the sweeping views that had stamped his childhood, but instead finding dense fog and wild snow flurries. It was a long, slippery road up the mountain, under torrential rain, but that didn’t stop crowds of Chinese admirers with red flags and pennants from gathering in almost every village along the way, miraculously transposed to a remote area of southwestern France and seemingly uniform in their enthusiasm. Undeterred, but running two hours late, Mr. Macron greeted Mr. Xi under an umbrella at one of his favorite restaurants, “L’Auberge du Berger,” or the “Shepherd’s Stop,” where dancers in colorful local dress twirled and jigged to the sounds of a flute, an accordion and a tom-tom. Mr. Xi was impassive, but his wife, Peng Liyuan, smiled broadly and applauded. Using the familiar “tu” form to address Mr. Xi, 70, rather than the formal “vous” that would have been more customary between heads of state, Mr. Macron, 46, offered the Chinese leader a yellow jersey signed by last year’s Tour de France winner, Jonas Vingegaard, a Danish cyclist.
Persons: Emmanuel Macron, Xi Jinping, Macron, Xi, L’Auberge du Berger, , Peng Liyuan, Jonas Vingegaard Organizations: de France Locations: China, Pyrenees, France, Danish
Saul Loeb | Afp | Getty ImagesMost countries prefer alignment with the U.S. over China when the White House is occupied by a Democrat, according to Gallup poll data going back to 2007. "Significantly more countries seem to prefer U.S. leadership over Chinese leadership, at least under Democratic administrations," Gallup said in its report released Monday, adding that a Republican executive comes with a "net approval disadvantage." According to Gallup, the "bounce-back" under the Biden administration suggests that the U.S.'s net approval advantage over China is resilient, especially when accounting for more strongly aligned groups. China's favorability peaked in 2007 as it emerged on the global stage, but increased familiarity with Beijing has not boosted its appeal, Gallup said. Meanwhile, U.S. leadership has enjoyed a general net approval rate under the Biden and Obama administrations, compared with net disapproval rates under the Trump and last two years of the Bush leadership, the report showed.
Persons: Xi Jinping, Joe Biden, Saul Loeb, Gallup, Trump, George Bush, Barack Obama, Biden, Obama, Bush Organizations: Afp, Getty, U.S, Democratic, Republican, Gallup, Biden, Trump, Pew Research Locations: Nusa Dua, Indonesian, Bali, China, Beijing, Trump
Ursula von der Leyen, the European Commission president, put pressure Monday on China to help resolve the war in Ukraine, saying Beijing should “use all its influence on Russia to end its war of aggression against Ukraine.”She spoke after accompanying President Emmanuel Macron of France in a meeting with Xi Jinping, the Chinese president, who began his first visit to Europe in five years on Sunday. Ms. von der Leyen has persistently taken a stronger line toward China than has Mr. Macron. With President Vladimir V. Putin of Russia again suggesting he might be prepared to use nuclear weapons in the war in Ukraine, she said Mr. Xi had played “an important role in de-escalating Russia’s irresponsible nuclear threats.” She was confident, Ms. von der Leyen said, that Mr. Xi would “continue to do so against the backdrop of ongoing nuclear threats by Russia.”Whether her appeal would have any impact on Mr. Xi was unclear, and describing the conflict as Russia’s “war of aggression” in Ukraine seemed likely to irk the Chinese leader. Beijing has forged a “no limits” friendship with Russia and provided Moscow with critical support for its military effort, including jet fighter parts, microchips and other dual-use equipment.
Persons: Ursula von der Leyen, , Emmanuel Macron, Xi Jinping, von der Leyen, Macron, Vladimir V, Putin, Xi Organizations: European Commission Locations: China, Ukraine, Beijing, Russia, France, Europe, Moscow
In bars tucked away in alleys and at salons and bookstores around Shanghai, women are debating their place in a country where men make the laws. Others gathered to watch films made by women about women. China’s leader, Xi Jinping, has diminished the role of women at work and in public office. There are no female members of Mr. Xi’s inner circle or the Politburo, the executive policymaking body. He has invoked more traditional roles for women, as caretakers and mothers, in planning a new “childbearing culture” to address a shrinking population.
Persons: China’s, Xi Jinping Organizations: Communist Party Locations: Shanghai
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