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☆ China's Xi Jinping commits to more investments in Nigeria
▼ + stars: | 2023-10-19 | by ( Felix Onuah | ) www.reuters.com time to read: +2 min

It added that another $4 billion worth of letters of intent was received for new projects and investments in different sectors of the economy. Nigeria also signed contracts with China Harbour Engineering Company for the construction of the Lekki Blue Seaport in Lagos. Shettima met Xi, who asked for the protection of Chinese workers in Nigeria, according to the vice president's office. China had committed to rail projects in Nigeria in the past and to a seaport in Bonny Island in the Niger Delta. China had earlier agreed to provide 85% of the financing for the rail projects.

Persons: Xi Jinping, Edgar Su, Kashim Shettima's, Shettima, Xi, Felix Onuah, Chijioke Ohuocha, Jamie Freed Organizations: Initiative, of, People, REUTERS, Rights, Nigeria's National Agency for Science, Engineering Infrastructure, China Harbour Engineering Company, China Exim Bank, Thomson Locations: Beijing, Rights ABUJA, Nigeria, Africa's, Lagos, China, Bonny Island, Niger, Nigeria's

The Group of 20 major economies did reach consensus on an official communique but omitted any mention of the Israel-Hamas war. Senior World Bank Group officials were more pointed in a statement to staff, saying they were "shocked and appalled by the unprecedented escalation of violence in Israel and Gaza." "We condemn terrorism in all forms, including the abhorrent targeting of innocent civilians and kidnapping," the leaders of the World Bank, the International Finance Corp and the Multilateral Investment Guarantee Agency, said in an internal statement seen by Reuters. "Geopolitical shocks are economic shocks now and economic shocks are geopolitical shocks - and they're trying to detach the two." Reporting by Andrea Shalal and David Lawder; Editing by Giles Elgood and Stephen CoatesOur Standards: The Thomson Reuters Trust Principles.

Persons: Kristalina Georgieva, that's, Rachel Nadelman, Joe Biden, China's Xi, Ajay Banga, Josh Lipsky, Andrea Shalal, David Lawder, Giles Elgood, Stephen Coates Organizations: Global, International Monetary Fund, World Bank, IMF, West Bank, Reuters, Research Center, U.S, Treasury, Bank Group, International Finance Corp, Multilateral Investment Guarantee Agency, GeoEconomics, Thomson Locations: MARRAKECH, Morocco, Israel, Gaza, Lebanon, Ukraine, United States, China, Africa

IMF Managing Director Kristalina Georgieva did not mention the new conflict at opening events. The inability to respond extended to chair's statements issued by the Group of 20 major economies and the IMF and World Bank steering committees, which failed to mention the conflict. "You know, without peace, it's hard for people to get stability, growth, look after their children, get jobs," he said. But conflicts remain the biggest challenge to the global economy, said Josh Lipsky, a former IMF official who directs the Atlantic Council's GeoEconomics Center. "Geopolitical shocks are economic shocks now and economic shocks are geopolitical shocks - and they're trying to detach the two."

Persons: Kristalina Georgieva, that's, Rachel Nadelman, Joe Biden, China's Xi, Ajay Banga, Josh Lipsky, Andrea Shalal, David Lawder, Giles Elgood Organizations: Global, International Monetary Fund, World Bank, IMF, West Bank, Reuters, Research Center, Group, GeoEconomics, Thomson Locations: MARRAKECH, Morocco, Israel, Gaza, Lebanon, Ukraine, United States, China, Bali, Africa

Chinese President Xi Jinping and Russian President Vladimir Putin attend a presentation of a Haval F7 SUV produced at the Haval car plant located in Russian Tula region, at the Kremlin in Moscow, Russia, June 5, 2019. Nikolai Patrushev, a close Putin ally and the secretary of Russia's Security Council, said Russia and China should deepen cooperation in the face of the West's attempt to contain them both. Putin will attend the third Belt and Road Forum after an invitation by Xi during a high-profile visit to Moscow in March. Putin has pivoted towards China, and Xi has stood by him. Putin last visited Beijing in February 2022, days before the invasion, where he and Xi announced a 'no limits' partnership.

Persons: Xi Jinping, Vladimir Putin, Maxim Shipenkov, Putin, China's Xi Jinping, Putin's, Nikolai Patrushev, Wang Yi, Xi, Maxim Reshetnikov, Reshetnikov, William Burns, Guy Faulconbridge, Kevin Liffey, Christina Fincher Organizations: Kremlin, ICC, Security, Criminal Court, Cuban Missile Crisis, CIA, Reuters, Thomson Locations: Russian Tula, Moscow, Russia, China, MOSCOW, Beijing, Ukraine, CHINA, RUSSIA, Russian, United States

☆ Take Five: Doves versus hawks
▼ + stars: | 2023-09-08 | by ( ) www.reuters.com time to read: +5 min

Key UK jobs data and a G20 summit, marked by the absence of China's Xi Jinping, are also in focus. The doves urge caution; the most hawkish hawks say a pause is not a done deal, but haven't explicitly called for a hike either. Wednesday's August U.S. inflation data, followed by producer price and retail sales numbers a day later, are the next test. Next up are consumer and factory price data this weekend, with industrial output and retail sales out on the 15th. The unemployment rate has been edging above last year's 48-year low, indicating some softening in the jobs market, while basic earnings are rising at record pace.

Persons: Andrew Kelly, China's Xi, Ira Iosebashvili, Kevin Buckland, Li Gu, Amanda Cooper, Ahmad Ghaddar, haven't, Goldman Sachs, Xi Jinping, He's, BoE Governor Andrew Bailey, BoE, RUSH Brent, Dhara, Philippa Fletcher Organizations: Financial, of, REUTERS, European Central Bank, United States, Key, Yoruk Bahceli, ECB, Reuters, Huawei, SMIC, West, Bank of England, Thomson Locations: of Manhattan , New York City, U.S, Yoruk, Amsterdam, New York, Tokyo, Shanghai, London, China, United States, Washington, Beijing, India, Britain, Saudi Arabia, Russia, Iran, Venezuela, Libya

☆ Analysis: China's Xi Jinping skipping G20 may be part of his plan to reshape global governance
▼ + stars: | 2023-09-08 | by ( Nectar Gan | ) edition.cnn.com time to read: +8 min

Since its first leaders’ summit in 2008, China’s top leader has always attended the gathering – including by video link during the Covid pandemic. Now, “China sees the G20 space as increasingly oriented toward the US and its agenda, which Xi Jinping regards as hostile to China,” Werner said. Alternative governance structureXi last attended the G20 summit in Bali, Indonesia, in November last year, when he emerged from China’s Covid isolation and declared his return to the world stage. All the while, Xi has only made two trips abroad this year – and both are central to his attempt to reshape the global world order. Next month, the Chinese leader is expected to host the Belt and Road Forum to mark the 10th anniversary of his global infrastructure and trade initiative – a key element in Beijing’s new global governance structure.

Persons: Jinping, Premier Li Qiang, Beijing’s reticence, Xi, ”, George Magnus, I’m, I’ve, Jake Werner, ” Werner, Biden, Werner, Happymon Jacob, China’s, Shi Yinhong, Joe Biden –, Antony Blinken, Vladimir Putin –, Magnus, they’re, ” Magnus, –, “ It’s Organizations: Hong Kong CNN, Premier, China Center, Oxford University, “, Quincy Institute in, Quincy Institute in Washington DC, Pacific NATO, ”, India, New, Jawaharlal Nehru University, Divisions, Renmin University, EU, Beijing, Global Security Initiative, Global Development Initiative, Civilization Initiative, Forum, Shanghai Cooperation Organization – Locations: Hong Kong, New Delhi, China, Xi’s, India, United States, Quincy Institute in Washington, Beijing, New, Washington, Pacific, Ukraine, Moscow, Bali , Indonesia, Germany, France, Brazil, Indonesia, Johannesburg, South Africa, BRICS

☆ Xi and Putin are seeking to expand the alliance of BRICS nations to challenge the global dominance of the US and the dollar
▼ + stars: | 2023-08-23 | by ( Tom Porter | ) www.businessinsider.com time to read: +7 min

China's Xi Jinping is in South Africa this week for the BRICS summit. Addressing the BRICS summit by video link Tuesday, Russian President Vladimir Putin took swipes at the West, and said the summit represented the "global majority." Together, they make up around 40% of the world's population, around $27.7 trillion of the global economy, and are seen to represent the so-called "Global South" of southern hemisphere nations. Taking on the dollarThere are also proposals on the table to create a BRICS currency to challenge the global dominance of the dollar. AdvertisementAdvertisementChina and Russia may have ambitious plans for the BRICS group, but realizing them still appears some distance away.

Persons: China's, Jinping, Putin, Vladimir Putin, Graeme Thompson, China Xi, Cyril Ramaphosa, PHILL MAGAKOE, Xi Jinping, Steve Tsang, Thompson, Xi, Wang Wentao, Luiz Inacio Lula da Silva, Luiz Inácio Lula da Silva Organizations: Service, Eurasia Group, South, Getty Images, US, SOAS China Institute, University of London, CNN, Russia, Anadolu Agency, Getty Locations: South Africa, China, Russia, Wall, Silicon, Johannesburg, Brazil, India, AFP, Western, Iran, Saudi Arabia, Indonesia, Ukraine, Beijing, Pacific, United States

☆ China's Xi Jinping unexpectedly skipped a speech at a BRICS summit aimed at challenging dollar dominance
▼ + stars: | 2023-08-23 | by ( Phil Rosen | ) www.businessinsider.com time to read: +3 min

Chinese President Xi Jinping unexpectedly missed a scheduled speech at this week's BRICS summit. China's commerce minister stood in for the speech instead, commenting on the US's economic dominance. Xi was the only BRICS leader who didn't make an appearance, with even Russia's Putin delivering comments virtually. After skipping the speech, Xi attended a dinner with the other nations' leaders, per CNN. Over the last two years, BRICS nations have increasingly tried to move off the US dollar as part of the broader dedollarization trend, completing international transactions in China's yuan or other local currencies.

Persons: Xi Jinping, Xi, didn't, Putin, Russia —, Wang Wentao, Xi's, Bonnie Glaser, — Bonnie Glaser, 葛 Organizations: Service, CNN, China's, German Marshall Fund Locations: Wall, Silicon, South Africa, India, Brazil, Russia, China

Xinhua/Shutterstock‘Absolutely safe’As heavy rains moved toward the region in late July, China’s top flood control officials met to hash out their response plan. The flood was caused by flood water discharge, not by heavy rainfall.”CNN has reached out to the Zhuozhou and Bazhou governments for comment. Rescuers use rubber boats to transfer Zhuozhou residents trapped by flood waters after days of downpours brought by Typhoon Doksuri on August 2. In the recent rains, at least three upstream reservoirs released flood waters into rivers flowing into Baiyingdian from the west and the south, according to state media. Many countries have systems that involve discharging pent up flood waters into otherwise dry land after major storms.

Persons: Xi Jinping, Xi’s, ”, It’s, Xiong’an, Jade Gao, Ni Yuefeng, downpours, Typhoon Doksuri, Zhai Jujia, Li Guoying, Hongzhang Xu, Xiao, Li Na, Zhu Xudong, it’s, Xiong’an –, Xu, Baiyangdian Lake, Kevin Frayer, “, Meili Feng, Simon Song, Deng Xiaoping, Jiang Zemin, Xu Kuangdi, Yi Haifei, Andrew Stokols Organizations: CNN, Xinhua, Getty, Censors, China News Service, China’s, Water, Australian National University, Authorities, China’s Ministry of Water Resources, Hebei Provincial Department of Water Resources, Geographical Sciences, University of Nottingham, Shanghai’s Pudong New, Chinese Academy of Sciences, Urban Computing Center Locations: Beijing, China, Hebei, Xiong’an’s, Xiong'an, Zhuozhou, AFP, Bazhou, Xiong’an, Tianjin, ”, Xinhua, Baiyingdian, Baiyangdian, Mississippi, University of Nottingham Ningbo, “, Hebei province, Shenzhen, Shanghai’s Pudong, Shanghai

☆ 'Old friend': Henry Kissinger meets China's Xi Jinping in second surprise Beijing talks
▼ + stars: | 2023-07-20 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +1 min

Former U.S. Secretary of State Henry Kissinger helped broker talks between then-U.S. President Richard Nixon and China's Mao Zedong, paving the way for normalized relations. Veteran U.S. diplomat Henry Kissinger met with Chinese President Xi Jinping Thursday during a surprise visit to Beijing, according to state media. The 100-year-old former U.S. Secretary of State was hosted by the Chinese premier at the Diaoyutai State Guesthouse, CCTV said in an online post. However, Reuters reported that the White House said Kissinger was not visiting China on behalf of the U.S. government. Kissinger's talks with Xi were his second unexpected meeting of the week, after the former diplomat spoke with China's Defense Minister Li Shangfu on Tuesday.

Persons: Henry Kissinger, Richard Nixon, China's Mao, Xi Jinping, Kissinger, Xi, Kissinger's, Li Shangfu Organizations: U.S, Veteran U.S, State, Xinhua, Google, U.S . State Department, Reuters, White, ., China's Defense Locations: Beijing, Diaoyutai State, China

☆ Xi personally warned Putin against launching a nuclear strike in Ukraine, report says, drawing a red line for Russia
▼ + stars: | 2023-07-06 | by ( Tom Porter | ) www.businessinsider.com time to read: +5 min

China's Xi Jinping warned Vladimir Putin against using nuclear weapons, The Financial Times reported. If Putin ignored Xi and acted on his nuclear threats to Ukraine, it'd humiliate the Chinese leader, an analyst said. He has provided the Russian president with crucial economic and diplomatic support amid sanctions and international isolation. This gives him leverage over the Russian president in seeking to deter him from a potentially catastrophic escalation of the conflict. Putin has previously shown a willingness to defy China, declaring he'd position nuclear weapons in Belarus in an apparent snub to Xi in March.

Persons: China's Xi Jinping, Vladimir Putin, Xi, Putin, it'd, —, Vladimir Putin of, Putin's, Dmitry Peskov, Sumantra Maitra, China Xi, Ali Wyne, Xi Jinping, Wagner Organizations: Financial Times, Service, Ukraine, Putin, Wednesday, European Union, Eurasia Group, Russian Locations: Ukraine, Moscow, Vladimir Putin of Russia, China, Russian, Russia, Beijing, Belarus, West

☆ Xi faces being humiliated by his 'no limits' friendship with Putin. But he can't back out of it now.
▼ + stars: | 2023-06-28 | by ( Tom Porter | ) www.businessinsider.com time to read: +5 min

China's Xi Jinping has formed close ties with Vladimir Putin's regime in Russia. But the Wagner rebellion exposed that Putin's authority is shakier than Xi realised, an analyst told Insider. If Russia loses against Ukraine, Xi would face global humiliation. If there are further signs Putin's grip on power is weakening, and chaos could engulf Russia, Xi faces a tough choice. "It's unlikely that Xi will go out of his way to support Putin's regime if that entails significant risks to China itself.

Persons: China's, Jinping, Vladimir Putin's, Putin, Wagner, Xi, —, Xi Jinping, Vladimir Putin, Graeme Thompson, Moscow —, Thompson, Jonathan Ward, Ward Organizations: Service, Kremlin, Ukraine, Eurasia Group, Reuters, Atlas Group, Russia, West, Beijing Locations: Russia, Ukraine, China, Moscow, Taiwan, Beijing

☆ Blinken visits China's Xi: why it matters
▼ + stars: | 2023-06-19 | by ( Reuters Editorial | ) www.reuters.com time to read: 1 min

PoliticsBlinken visits China's Xi: why it mattersPostedChina's Xi Jinping hailed "progress" in talks with U.S. Secretary of State Antony Blinken in Beijing on Monday, the final engagement of a closely watched trip aimed at ensuring the superpowers' disputes do not spiral into conflict. Matthew Larotonda reports.

Persons: Blinken, China's, Xi Jinping, Antony Blinken, Matthew Larotonda Organizations: U.S Locations: Beijing

☆ Blinken meets Xi in China to salvage frosty ties
▼ + stars: | 2023-06-19 | by ( Reuters Editorial | ) www.reuters.com time to read: 1 min

PoliticsBlinken meets Xi in China to salvage frosty tiesPostedChina's Xi Jinping hailed "progress" in talks with U.S. Secretary of State Antony Blinken in Beijing on Monday, the final engagement of a closely-watched trip aimed at ensuring the superpower's disputes do not spiral into conflict.

Persons: Blinken, Xi Jinping, Antony Blinken Organizations: U.S Locations: China, Beijing

☆ Blinken to meet China's Xi Jinping on Monday
▼ + stars: | 2023-06-19 | by ( Matt Clinch | ) www.cnbc.com time to read: +1 min

US Secretary of State Antony Blinken walks after arriving in Beijing, China, June 18, 2023. U.S. Secretary of State Antony Blinken is to meet with Chinese President Xi Jinping on Monday, as the top U.S. diplomat wraps up his rare two-day visit to Beijing amid simmering U.S.-China tensions. Blinken will meet with Xi at 4:30 p.m. local time, according to a State Department official. Blinken met top Chinese diplomat Wang Yi on Monday, after "candid, substantive, and constructive talks" with Chinese Foreign Minister Qin Gang on Sunday. Wang stressed that the Blinken visit came at a critical juncture in Sino-U.S. relations, in a statement released by the Chinese foreign ministry translated via Google.

Persons: Antony Blinken, Xi Jinping, Blinken, Xi, Joe Biden, Wang Yi, Qin Gang, Wang Organizations: State Department, U.S, Foreign, Google, Beijing Locations: Beijing, China, U.S, Washington

☆ Chris Christie says Trump doesn't want a GOP debate because he's scared of his opponents: 'Obviously, he's afraid'
▼ + stars: | 2023-05-04 | by ( Matthew Loh | ) www.businessinsider.com time to read: +4 min

Chris Christie said Trump avoiding GOP debates shows how scared he is of potential opponents. Trump said he may skip early GOP presidential debates, claiming he'd be "libeled" at the events. Christie said Trump is showing he's "afraid to get on the stage against people who are serious." Chris Christie said former President Donald Trump is trying to dodge a debate with other GOP candidates because he's "afraid" of his opponents. "This is a guy who seems like he's afraid," Christie added.

The top-tier Asian economic data cupboard on Thursday is bare, meaning regional markets will probably feed off U.S. earnings, banking sector woes, debt ceiling developments and geopolitical events for direction. This was followed up on Wednesday by Meta (META.O), whose shares surged 12% after hours after the company’s strong earnings beat. First Republic Bank's (FRC.N) shares plunged to another record low, but PacWest Bancorp (PACW.O) jumped 8% after beating estimates and stemming deposit outflows. The yuan was used in 48.4% of transactions, Reuters calculated, while the dollar's share declined to 46.7%. China added to its Treasuries holdings in February, but not enough to make up for the fairly heavy selling in January.

☆ China could cross a red line and start arming Russia if Ukraine pulls off a major counterattack, leaked Pentagon papers say
▼ + stars: | 2023-04-11 | by ( Tom Porter | ) www.businessinsider.com time to read: +3 min

Leaked US documents reveal what could prompt China to begin arming Russia, reports say. A Ukrainian attack on Russia using NATO weapons could be a red line for China, they say. The US Defense Department documents posted online appear to contain extensive discussion of the Ukraine conflict, and of China's military plans and capabilities. Since Russia invaded Ukraine in 2021, China has trodden a careful path, seeking to portray itself as neutral in the conflict. The leaked papers suggest that it is attacks within Russia itself that would draw China into the war.

Noah Barkin, an analyst with the Rhodium Group, said China's chief objective was to prevent Europe from aligning more closely with the United States. Macron travelled to China with European Commission chief Ursula von der Leyen, both pressuring China on Ukraine, but failing to wrest any public shifts in position from Xi. Xi did not mention a possible conversation with Zelenskiy in China's official reports of his comments after the meetings. "Macron seemed to believe he could charm Xi into shifting his approach on the war," he said. "China and Europe can still be partners," said Wang Yiwei, director of Center for European Studies at Renmin University in Beijing.

☆ Ukraine appears to be trying to capitalize on cracks in China and Russia's alliance after a nuclear snub from Putin
▼ + stars: | 2023-03-30 | by ( Tom Porter | ) www.businessinsider.com time to read: +3 min

Ukraine's President Volodymyr Zelenskyy has invited China's Xi Jinping to Ukraine. It comes after cracks emerged in Xi's alliance with Russia's Vladimir Putin. Xi has proposed a plan to end the war between Russia and Ukraine. Putin last weekend said he planned to station nuclear weapons in neighboring Belarus, breaking an agreement Russia had signed only days before at the summit with China. The US has warned that China may be preparing to arm Russia, a claim China has denied.

☆ Putin snubbed Xi back after their one-sided summit with a nuclear announcement that directly undermines China
▼ + stars: | 2023-03-27 | by ( Tom Porter | ) www.businessinsider.com time to read: +3 min

Putin 'humiliated' China's Xi Jinping a week after their summit, a former US ambassador said. Putin and Xi strengthened their alliance at a summit in Moscow last week, but tensions remain. "Both Putin and Lukashenko humiliated Xi. Xi signalled to Russia last November that the use of nuclear weapons in Ukraine would be a red line, Politico said. At last week's summit, Putin and Xi presented a common front against the global power of the US and its allies.

☆ At a high-stakes meeting in Moscow, China has to decide whether Putin's failure in Ukraine means it's time to cross a red line
▼ + stars: | 2023-03-20 | by ( Tom Porter | ) www.businessinsider.com time to read: +5 min

Some analysts believe China is poised to escalate its support for Russian in Ukraine. China's Xi Jinping at a welcoming ceremony at Moscow's Vnukovo airport on March 20, 2023. China has sought to portray the war in Ukraine as a result of Western meddling, citing the massive influx of Western weaponry to Ukraine's armed forces. But China may now be preparing so cross the same line and offer weapons of its own to Putin's Russia. If that dynamic continues, Ward said China may decide to risk the wrath of the West and openly provide lethal aid.

☆ Factbox: Putin, quoting Confucius, heaps praise on Xi
▼ + stars: | 2023-03-20 | by ( ) www.reuters.com time to read: +5 min

Both countries pursue an independent and autonomous foreign policy, and consider relations between China and Russia as one of the main priorities in diplomacy." "China and Russia adhere to the concept of eternal friendship and mutually beneficial cooperation." - Xi said he and Putin have met more than 40 times at different venues. - Putin speaks about the 'Power of Siberia' gas pipeline from Russia to China as the "deal of the century". - Putin said oil and coal deliveries had grown and that Russia is helping to build new nuclear power reactors in China.

☆ Putin says Xi to visit Russia, ties reaching 'new frontiers'
▼ + stars: | 2023-02-22 | by ( Guy Faulconbridge | ) www.reuters.com time to read: +4 min

Summary Putin meets WangPutin says Xi to visit RussiaPutin: ties reaching new frontiersWang: Others cannot undermine our relationsWang: Sino-Russian ties not directed against othersMOSCOW, Feb 22 (Reuters) - President Vladimir Putin said on Wednesday that China's Xi Jinping would visit Russia, saying relations had reached "new frontiers" amid U.S. concerns that Beijing could provide material support to Russia's invasion of Ukraine. "We await a visit of the President of the People's Republic of China to Russia, we have agreed on this," Putin told Wang. "Together we support multi-polarity and democratisation in international relations," Wang told Putin. When Xi met Putin face to face just before Russia sent troops into Ukraine, they sealed a "no limits" partnership that triggered anxiety in the West. For Xi, Russia is now more dependent on China than ever.

☆ Trump’s 2024 agenda includes executing drug dealers, purging the ‘deep state,’ and restricting voting
▼ + stars: | 2023-01-18 | by ( Tom Porter | ) www.businessinsider.com time to read: +6 min

Donald Trump has unveiled a range of policies as he seeks election in 2024. They include restricting voting and executing drug dealers. Trump unveiled his "National Greatness Agenda" platform when announcing his candidacy in November 2022. Voting restrictionsSince his defeat in 2020, Trump has fixated on baseless claims that victory was stolen from him through mass fraud. 'Deep state' purgeTrump and his allies have long claimed that government "deep state" officials are plotting against him.

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