Connect with us

Hi, what are you looking for?

Economy

Central Asia leaders converge in China as Xi touts ‘enduring’ friendship

 – Central Asian heads of state converged in China‘s historic city of Xian on Thursday for one-on-ones with Chinese leader Xi Jinping to seal pledges of “enduring” friendship, and paving the way for a summit expected to result in a regional pact with Beijing.

The bilateral talks will set the stage for a group meeting on Friday, the first in-person gathering of the six leaders, where Xi will deliver an “important” speech and an “important” political document will be signed, China‘s foreign ministry has said.

Across the Silk Road city of Xian, banners, billboards and even taxi signs were set up to promote the summit, with some in both Chinese and Russian.

A large contingent of foreign journalists was also present to cover the event, including reporters from Africa where China is similarly seeking to assert and expand its economic and political clout.

The president of energy-rich Turkmenistan, the most distant of the Central Asian states from China, was the last of the five leaders to arrive, landing in Xian in the early hours of the morning on Thursday.

The first to land was President Kassym-Jomart Tokayev of Kazakhstan – China‘s largest trading partner in Central Asia – with his face-to-face meeting with Mr. Xi on Wednesday ending with a deal to build “enduring friendship” and share “weal and woe”.

“We have a common goal – to intensify bilateral relations,” Mr. Tokayev told Mr. Xi.

“We are also united by the desire to strengthen regional and international security and cooperation.”

The two sides agreed to take measures to ensure the safe and stable operation of the Kazakh section of the ChinaCentral Asia natural gas pipeline. They also agreed to deepen cooperation in oil and uranium.

Mr. Tokayev’s deal with Mr. Xi will set the tone for the other bilateral meetings, where China will seek deeper cooperation with other Central Asia states in its quest to achieve greater food, energy and national security.

Two-way trade between China and Central Asia hit a record $70 billion last year, with Kazakhstan leading with $31 billion. Kyrgyzstan followed with $15.5 billion, Turkmenistan with $11.2 billion, Uzbekistan with $9.8 billion and Tajikistan with $2 billion.

Mr. Xi‘s summit with the Central Asian leaders will conspicuously overlap with a meeting of the Group of Seven leaders in Japan starting Friday, where Beijing’s use of “economic coercion” in its dealings abroad is expected to be on the agenda. – Reuters

Click to comment

Leave a Reply

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

Get the daily email that makes reading the news actually enjoyable. Stay informed and entertained, for free.
Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest

Economy

By Keisha B. Ta-asan, Reporter INFLATION likely slowed for a fourth straight month in May due to favorable base effects and a decline in...

Economy

By Luisa Maria Jacinta C. Jocson, Reporter THE NATIONAL Government’s (NG) debt service bill more than doubled in March from a year ago, data...

Economy

INVESTMENT APPROVALS by the Board of Investments (BoI) more than doubled as of mid-May, led by renewable energy projects. The Board of Investments (BoI)...

Economy

THE DEPARTMENT of Finance’s (DoF) Privatization and Management Office (PMO) is targeting to dispose of at least 143 properties worth P2.5 billion for the...

Economy

ACEN Corp. has secured approval from the government of New South Wales to increase the capacity of its battery energy storage system in Australia....

Economy

LOPEZ-LED Energy Development Corp. (EDC) is further expanding its geothermal power generation capacity in the Philippines with two prospects scheduled for drilling next year,...

You May Also Like

Investing

Almost 100 jobs are thought to be under threat at smart home energy technology manufacturer myenergi. The Grimsby firm, named one of the UK’s...

Investing

The number of small businesses planning to increase prices to their customers is set to rise dramatically this quarter, further fuelling inflationary pressures. A new quarterly analysis of...

Economy

THE MARCOS administration’s plan to revive the Philippine Sugar Corp. (PHILSUCOR) has raised concerns from stakeholders, who said this may duplicate other agencies’ existing...

Investing

Canary Wharf Group and The Felix Project, a food redistribution charity have agreed a long-term partnership that will see them join forces to tackle...

Disclaimer: SmartRetirementReport.com, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2021 SmartRetirementReport. All Rights Reserved.