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China and India reached an agreement on border issues

China’s Foreign Minister Wang Yi  had a meet with India’s National Security adviser Ajit Doval on Saturday in the capital of southwest China’s Sichuan. China and India reached an agreement on their border issues.  

The countries decided to follow in the footsteps of Chinese President Xi Jinping and India’s Prime Minister Narendra Modi to resolve their disputes, while growing China-India relations. According to a statement released by the Chinese Foreign Ministry, Modi and Xi promote a process of special representative talks in order to reach fair, reasonable and mutually acceptable solutions as soon as possible.

Both countries agreed to peaceful talks through diplomatic channels. The border vowed to improve communication and coordination when dealing with arising issues. People to people exchanges and border trade are to be grown in a bid to improve relations and create a peaceful atmosphere for negotiations.

 

Source: gbtimes.com

US and China to meet for security talks on Friday

A Chinese delegation will be travelling to Washington DC to meet with US official to hold security talks. These talks were postponed due to rising tension in trade between the US and China, as well as sanctions – the US put on China over Russian weapons purchase.

The talks will also be taking place before the Chinese president Xi Jinping and US president Donald Trump meet at the G20 summit in Argentina 30 November to 1 December. According to cnbc.com Trump and Jinping have been communicating over the phone.

The China-US relationship has been going through a lot of pressure in recent month,  with China expecting fresh tariffs from the US. The dialogue between the two countries will be welcomed not only by business and industry in both countries but other stakeholder indirectly affected.

 

By Mokgethi Mtezuka’  

Putin praises Russia-China relations

Russia’s President Vladimir Putin and Yang Jiechi a member of the Communist Party of China (CPC) Central Committee Political Bureau, had meeting last Thursday at the Valdai International Discussion Club. The Russian President after the meeting express his excitement with how the China-Russia relations are advancing and developing.

Vladimir Putin said that Russia is working to accomplish agreements made between him Chinese President Xi Jinping, at the Eastern Economic Forum.

Putin has also noted that the recent trade war between US and China provide opportunity for Russia in entering the Chinese market, by take newly opened specified Chinese markets. The One Belt, One Road initiative has also become important to the alleviation of economic constraints.

Industries like soybeans and aircraft construction are possible areas where Russia could replace US imports. Russia is working to replace US farms and supply China with Soybeans as well as replacing Boeings by delivering different ranges of aircraft.

Russia-China cooperation in the military-technical industry is also an important area for Russia with Sales and technology exchanges.  Putin also called for the development of infrastructure and transport routes, by developing Trans-Siberian railroad and Baikal Amur mainline.

 

Source: tass.com

China cancels security talks with the US

The Chinese government has cancelled their planned security talks  with US Secretary of Defence Jim Mattis. The meeting which was planned for October has not been rescheduled and the reason for the cancellation is still to be determined.

There has been tensions surrounding China-US relations in recent months with escalating tariffs on Chinese import to the US resulting in a trade war. Other causes of the tension are the US sanctions on Chinese military for purchasing Russian weapons and the territorial disputes in South China Sea.

 These ever-rising tension might escalate and spiral out of control with the countries continue with retaliatory measures. Both the US government and Chinese government have not yet comment on the cancellation. But it is believed that the tensions between the two superpowers is the main reason for this cancellation.

The Chinese government did reiterate that it will not be forced or blackmail in to yielding over pressure created by the trade war.

 

Source: ewn.co.za

US and China issue new tariffs on each other

The US-China trade war took another turn on Monday as both countries slapped each other with new tariffs. China has accused the US of engaging in Trade bullying by intimidating countries into submission. China has also stated its very willingness to retaliate if it calls for it.

China though is still open to trade negotiations with the US only if there is equal respect among both countries. The new tariffs on Chinese goods will cost $200 Billion. The retaliation tariffs on US made products amounts to $60 Billion coming in to effect on Monday.

Beijing has warned the US that it will respond to any increase in levied tariffs accordingly. This will nevertheless result in higher prices for Chinese goods like vacuum cleaners, home modems and routers. For the US and it is an increase in price in China for US made products like liquefied natural gas and certain types of aircraft.

US President Donald Trump has also threatened China with possible complete tariffs on all Chinese goods if the Chinese government continues to retaliate.

 

Source: ewn.co.za

 

US sanctions China for purchasing Russian weapons

USA has placed sanctions on the Chinese military for purchasing Russian jets and surface-to-air missiles. The reason for the sanctions is the on-going conflict in Ukraine and the USA has stated that the purchase contravenes sanctions the US has already placed on Russia.

The sanctions impact then Chinese Equipment Development Department (EDD) and its head Li Shangfu, who transacted the deal buying 10 Russian Sukhoi Su-35 fighter jets and S-400 missiles and have now been blacklisted.

The sanctions will impact EDD or Mr Li   in that assets they hold in the U.S. will be frozen or prohibited from being used in business, as well as the EDD will barred from exporting and prevented from utilizing the US financial system. Sanctions applied by the US are in accordance with the Countering America’s Adversaries Through Sanctions Act (Caatsa).

The USA has also blacklisted 33 people and entities associated with Russian military and intelligence. It’s widely expected that these sanction won’t prevent Russia from selling weapons with Asia the most important foreign market for Russian arms making 80% of its sales since 2000. Along with China, India and Vietnam are the main Asian parties purchasing Russian made weapons.

 

Source: bbc.com

China, Russia agree to advance sub-national cooperation

Chinese President Xi Jinping and his Russian counterpart, Vladimir Putin, on Tuesday called for promoting sub-national cooperation to cement bilateral relations and benefit the two peoples.

The two heads of state made the remarks while attending a roundtable meeting on regional cooperation between the two countries on the side-lines of the fourth Eastern Economic Forum (EEF), which is running from Tuesday to Thursday in Vladivostok in Russia’s Far East.

Noting that China and Russia are each other’s biggest neighbouring country and most important comprehensive strategic partner of coordination with extensive common interests, Xi said it is conducive to jointly addressing external risks and challenges and boosting common development and revitalization for the two sides to strengthen cooperation and deepen the integration of their interests.

Sub-national cooperation plays an important part in bilateral relations, and cooperation plans between the two countries should rely on their local regions, be implemented in local regions and benefit local regions, Xi said, stressing that the closer the sub-national cooperation is, the more solid the foundation of the China-Russia mutually beneficial cooperation will become.

For future cooperation at sub-national levels, the Chinese president proposed that local governments should strengthen overall planning and coordination, optimize policies, forge more partnerships, and create a better business environment and more convenient conditions for the companies of the two countries to invest in each other’s regions.

He called for innovating the ideas for cooperation, expanding the areas for cooperation, better using the platforms and mechanisms for cooperation, and exploring new ways to advance regional cooperation.

Xi also asked local governments to give full play to their complementary advantages and their distinctive sectors, push for more precise ways of cooperation, and create highlights in cooperation.

In addition, he called for increasing people-to-people and cultural exchanges, cementing the mainstream public opinion and social foundation for cooperation, and promoting institutionalized and regular exchanges in culture, tourism, education and media at sub-national levels.

Xi said that it is the right time for the two countries to strengthen regional cooperation as he and Putin had agreed to designate 2018 and 2019 as the years of China-Russia local cooperation and exchange.

The governments of the two countries will support their local regions in making the pie of cooperation bigger and sharing the fruits of cooperation, Xi said, while expressing the hope that the representatives of Chinese and Russian regional governments at the roundtable can grasp the opportunity to usher in a new era in China-Russia sub-national cooperation and contribute more to bilateral relations.

Pointing out that sub-national cooperation is an important part of the Russia-China comprehensive strategic partnership of coordination, Putin said he is delighted that the local regions of the two countries have carried out close economic and trade cooperation as well as people-to-people and cultural exchanges.

The Russian government welcomes Chinese businesses to invest in the country and is willing to continue to offer favourable conditions to strengthen sub-national cooperation between the two countries, he said.

Under new circumstances, Russia and China should improve connectivity, promote trade and investment liberalization and facilitation, deepen friendship between the two peoples, and push for more results from sub-national cooperation that can benefit the two peoples, Putin said.

The heads of nine Chinese provincial-level regions and 13 Russian federal subjects took part in the roundtable meeting.

Xi arrived in the port city of Vladivostok on Tuesday to attend the EEF. He will address the plenary session, the main event of the forum, on Wednesday.

The EEF was launched in 2015 on the personal initiative of Putin. Xi’s attendance will be the first by a Chinese head of state at the forum.

After attending the roundtable meeting, the two heads of state visited “The Far East Street” exhibition showcasing the rich local cultural exchanges between the two countries and investment opportunities in Russia’s Far East regions.

 

Ministry of Foreign Affairs of the People’s Republic of China

China’s project of the century

Dubbed the ‘the project of the century’ by China’s president, Xi Jinping the belt and road initiative has received a lot of criticism. There have been questions of who is going to finance the 21st century recreation of the old silk road is estimated to cost 1.3 trillion dollars and whether China is going to dominate.  With already several countries signed, the project is said to promote economic integration and better global trade.

President Xi has referred to the project as the rebirth and reclaimed of China’s power in the world. According to Bloomberg the modern silk road was designed to question US dominance in the world, especially with current China- US relations and the trade war. Head of Bancassurance for Asia Pacific, Jin Lee Chubb says that “China is not to dominate in this initiative” and China will fund the project.

 

Source: Bloomberg

FOCAC Summit Outcomes

China President, Xi Jinping called a press meeting on Tuesday. Xi together with African leaders attending the Summit in the country’s capital, Beijing announced that the 2018 FOCAC Summit has come to a successful conclusion.

Here are the FOCAC Summit outcomes:

The summit issued the Beijing Declaration — Toward an Even Stronger China-Africa Community with a Shared Future, which crystalized consensus of China and Africa on current major international and regional issues and sent the world a strong signal of the two sides going forward hand in hand, Xi said.

The FOCAC Beijing Action Plan (2019-2021) was also adopted at the summit to confirm that China and Africa will comprehensively enhance pragmatic cooperation focusing on the implementation of the eight major initiatives, Xi said.

All FOCAC members agreed to jointly build a China-Africa community with a shared future that assumes joint responsibility, pursues win-win cooperation, delivers happiness for all, enjoys common cultural prosperity, ensures common security, and promotes harmony between man and nature, which will set a model for the building of a community with a shared future for humanity, Xi said.

All FOCAC members agreed that China-Africa relations have embarked on a distinctive path of win-win cooperation and are at their best in history, the Chinese President said.

China and African countries are willing to enhance the alignment of strategies and policy coordination, push forward the joint development of the Belt and Road, and closely align the Belt and Road Initiative with the African Union Agenda 2063, the United Nations 2030 Agenda for Sustainable Development and the development strategies of African countries, Xi said.

All FOCAC members agreed that China-Africa relations have demonstrated unprecedented cohesiveness, vitality, and creativity. China will continue to adhere to the principle of sincerity, real results, affinity and good faith, and uphold the values of friendship, justice, and shared interests, and push the in-depth, solid, steady and enduring development of the China-Africa comprehensive strategic and cooperative partnership, he said.

All FOCAC members also agreed that China-Africa cooperation is part of international cooperation with Africa. In conducting cooperation with Africa, all parties of the international community should respect African countries’ sovereignty, listen to Africa’s voice, take Africa’s stance seriously, and deliver on commitments made to the continent, Xi said.

The forum was established 18 years ago. The successful hosting of the Beijing Summit has brought China-Africa comprehensive strategic and cooperative partnership to a new historic starting point, and on a new journey, Xi said.

 

Source:  Ecns.cn

US-China trade war set to escalate

The world waits in anticipation as the 6 September approaches. On the date the public comment period on the United States’s  plans to impose tariffs on 6 000 products worth $200 billion worth of imports. The Trump administration will go on  with tariffs after the comment period.

Retaliation is expected from China, given Xi Jinxing “Made in China 2025” agenda. The tariffs might compromise China’s political posture. According to the Wire the tariffs might compromise issues such as market access and intellectual property issues.

Both countries had attempts to restart trade talks at the end of August, did no bare any results – the leaders did not agree.

Both China and the US have imposed 25% tariffs of 50 billion worth on each other’s imports thus far.

 

Source: The Wire