By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
IndebtaIndebta
  • Home
  • News
  • Banking
  • Credit Cards
  • Loans
  • Mortgage
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Crypto
    • Forex
  • Videos
  • More
    • Finance
    • Dept Management
    • Small Business
Notification Show More
Aa
IndebtaIndebta
Aa
  • Banking
  • Credit Cards
  • Loans
  • Dept Management
  • Mortgage
  • Markets
  • Investing
  • Small Business
  • Videos
  • Home
  • News
  • Banking
  • Credit Cards
  • Loans
  • Mortgage
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Crypto
    • Forex
  • Videos
  • More
    • Finance
    • Dept Management
    • Small Business
Follow US
Indebta > News > Vladimir Putin arrives in China to shore up close ties with Xi Jinping
News

Vladimir Putin arrives in China to shore up close ties with Xi Jinping

News Room
Last updated: 2024/05/15 at 11:06 PM
By News Room
Share
3 Min Read
SHARE

Stay informed with free updates

Simply sign up to the Russian politics myFT Digest — delivered directly to your inbox.

Vladimir Putin has arrived in Beijing on a state visit aimed at underscoring his close relationship with China’s President Xi Jinping and shoring up support for Russia’s wartime economy.

Footage from China’s state broadcaster CCTV showed Putin’s aircraft arriving before dawn on Thursday. The Russian president was greeted by an honour guard before his entourage was escorted into black limousines, accompanied by scores of police on motorcycle.

The visit comes as Russia’s economy has become increasingly dependent on China in the face of escalated sanctions from the west for its full-scale invasion of Ukraine in 2022.

After a huge increase in trade between China and Russia following the outbreak of war, there are signs that Beijing has pulled back slightly. China’s exports to its neighbour fell in March and April as the US threatened to target Chinese banks that it alleged were assisting in circumventing sanctions.

Analysts expect Putin to discuss how to work around these sanctions during his visit to Beijing, which will include his 43rd meeting with Xi.

China has refused to condemn Russia’s invasion of Ukraine and argues that its independent relationship with Moscow is its own affair. The US has accused Beijing of supporting Putin’s war machine by providing dual use-goods.

China’s ties with the US are also under increasing strain following President Joe Biden’s announcement this week of steep tariffs on Chinese electric vehicles, solar cells, semiconductors and other tech products.

Ahead of the two-day visit, Putin sought to portray Russia and China as united in their goal of creating a new “multipolar world” and held out the prospect of negotiations with Ukraine, which he said would depend on security guarantees.

China’s leaders have said little officially about the visit. Analysts said Beijing was focused on trying to stabilise its important trade markets in the EU and the US and prevent further tariff increases.

As the world’s largest exporter, China’s economy is heavily dependent on its ability to sell into developed markets, despite the strides it mas made in diversifying in recent years into emerging markets.

Trade with China is shaping up to be a core issue in the US ahead of the presidential election. Biden’s announcement on Tuesday that he would impose tariffs on $18bn of Chinese goods was his most significant action on trade with China as president.

Read the full article here

News Room May 15, 2024 May 15, 2024
Share this Article
Facebook Twitter Copy Link Print
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Finance Weekly Newsletter

Join now for the latest news, tips, and analysis about personal finance, credit cards, dept management, and many more from our experts.
Join Now
Why this analyst agrees with Michael Burry in Tesla’s overvaluation.

Watch full video on YouTube

Why U.S. Shipbuilding Collapsed — And The Push To Rebuild It

Watch full video on YouTube

Saudi Arabia bombs UAE-backed faction in Yemen

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects…

You make good money – so why aren’t you wealthy yet?

Watch full video on YouTube

How to ‘invest in’ private companies like OpenAI and SpaceX

Watch full video on YouTube

- Advertisement -
Ad imageAd image

You Might Also Like

News

Saudi Arabia bombs UAE-backed faction in Yemen

By News Room
News

NewMarket: Strong Cash Returns, Poor Growth Drivers (NYSE:NEU)

By News Room
News

SoftBank strikes $4bn AI data centre deal with DigitalBridge

By News Room
News

Allspring Income Plus Fund Q3 2025 Commentary (Mutual Fund:WSINX)

By News Room
News

Pope Leo’s pick to lead New York Catholics signals shift away from Maga

By News Room
News

Why bomb Sokoto? Trump’s strikes baffle Nigerians

By News Room
News

Pressure grows on Target as activist investor builds stake

By News Room
News

Mosque bombing in Alawite district in Syria leaves at least 8 dead

By News Room
Facebook Twitter Pinterest Youtube Instagram
Company
  • Privacy Policy
  • Terms & Conditions
  • Press Release
  • Contact
  • Advertisement
More Info
  • Newsletter
  • Market Data
  • Credit Cards
  • Videos

Sign Up For Free

Subscribe to our newsletter and don't miss out on our programs, webinars and trainings.

I have read and agree to the terms & conditions
Join Community

2023 © Indepta.com. All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?