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Home / World / Xi to meet "best friend and bosom" Putin amid the angry US trade war

Xi to meet "best friend and bosom" Putin amid the angry US trade war



The Chinese head of state is expected to spend three days at the annual International Economic Forum in St. Petersburg, Russia, commemorating the 70th anniversary of the establishment of diplomatic relations between the two countries .

"My commitment to President Putin is based on a high degree of mutual trust, which is the solid foundation of our close friendship, and we treat each other with respect, openness, understanding and trust," he said.

Xi's visit comes as the trade war between the US and China continues to put pressure on both economies. In early May, after the trade talks between Washington and Beijing collapsed, the Trump government raised tariffs on Chinese goods worth $ 200 billion to 25 percent.
In response, Beijing increased tariffs on US $ 60 billion in US exports and escalated its anti-American propaganda. On May 30, the Chinese government accused the US of "economic terrorism."
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Meanwhile, the relationship between Xi and Putin remains strong. According to state media, the two heads of government have met almost 30 times since 2013. Their last bilateral meeting took place at the second summit in Beijing in April.
The Chinese government regularly praised its relations with Moscow, and the State Department said relations had been at their "best level in history" in April. 19659008] China is Russia's largest trading partner, well ahead of the US and other European countries.
According to Xi, bilateral trade reached more than $ 100 billion in 2018, up 30% year-on-year. China's imports from Russia rose by 42.7% in 2018.
Russian state media even suggested that Chinese companies might consider relocating production to Russia under pressure from the US-China trade war.
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"These remarkable results of our business cooperation are in light of the currently complex environment of sluggish global Trade, investment and growth particularly valuable protectionism in the world, "Xi told TASS.

It is not known when Xi and Putin will meet, but the Russian and Chinese state media said they are likely to sign 30 agreements in various areas, including security, trade and security, energy.
During his visit, Xi also plans to open a panda facility in the Moscow Zoo, which received a pair of giant pandas for "research collaboration" in April.

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