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Xi, Putin hail ties as ‘stabilising’ force in chaotic world

Natalie Fisher by Natalie Fisher
May 16, 2024
in Economy
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Leaders Xi Jinping and Vladimir Putin framed their nations' ties as a stabilising force in a chaotic world as they met Thursday in Beijing. ©AFP

Leaders Xi Jinping and Vladimir Putin met in Beijing, framing their nations’ ties as a stabilising force in a chaotic world. Putin, seeking Chinese support for his war effort in Ukraine and isolated economy, arrived in China, his first trip abroad since re-election. He was greeted by Xi at a grand welcoming ceremony, and the two leaders kicked off a two-day visit that is expected to deepen their relationship. Xi emphasized that China-Russia relations were conducive to peace, and Putin stated that their relations were stabilising factors in the international arena.

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While Xi has faced Western criticism for China’s ties with Moscow, the economic partnership between the two countries has been important for Russia as it faces sanctions from the West. China claims to be a neutral party in the Ukraine conflict but has sought to position itself as a mediator. Xi emphasized the need for a political solution to resolving the war and respecting the sovereignty and territorial integrity of all countries. China looks forward to the restoration of peace and stability on the European continent and promises to continue playing a constructive role.

China-Russia trade has boomed since the Ukraine invasion, reaching $240 billion in 2023. However, Chinese exports to Russia dipped in March and April due to Washington’s vow to go after financial institutions that facilitate Moscow. This, coupled with recent efforts to rebuild ties with the United States, may make China reluctant to openly push for more cooperation with Russia. Putin’s trip to Beijing mirrors Xi’s own visit to Russia after his re-election. The two leaders are expected to sign a joint declaration and attend an event marking 75 years of diplomatic relations between the two countries. Putin will also meet with Premier Li Qiang and travel to the city of Harbin for a trade and investment expo.

© 2024 AFP

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