Lee, Xi hold phone talks: China urges South Korea to deepen ties, uphold multilateralism; says 'stable relationship aligns with trend of times'
Chinese President Xi Jinping (left), and South Korean President Lee Jae-myung (AP)
Chinese President Xi Jinping in a phone call with new South Korean President Lee Jae-myung on Tuesday urged to collaborate with Beijing to defend multilateralism, and to uphold free trade, said state media.
According to Xinhua, Xi called on Lee urging Beijing and Seoul to "inject more certainty into regional and international situations", also to "promote strategic cooperative partnership to a higher level".
"A healthy, stable, and continuously deepening China–South Korea relationship aligns with the trend of the times," Xi said.
"Close bilateral cooperation and multilateral coordination should be maintained to jointly uphold multilateralism and free trade, ensuring the stability and smooth functioning of global and regional industrial and supply chains," the Chinese premier added.
Lee, a centre-left leader earlier this month won the presidency in a landslide after snap elections were called following his predecessor Yoon Suk Yeol's disastrous decision to impose martial law, leading to his impeachment.
Seoul has long walked a diplomatic tight rope maintaining a delicate balance between its top trading partner, China, and its security ally, the United States.
Bilateral relations between Beijing and Seoul suffered a downturn under Yoon, who aligned closely with the United States and sought to improve ties with former colonial master Japan.
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
Giao dịch vàng CFDs với mức chênh lệch giá thấp nhất
IC Markets
Đăng ký
Undo
But Trump's tariff blitz has provided a new impetus to both export driven economies to improve their equation who now find themselves at crosshairs of American duties.
Additionally Lee suggested during his campaign that he would work to enhance relations with Beijing. And went on to ring alarm bells saying that any future conflict between China and Taiwan would not be South Korea's concern.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Mint
11 minutes ago
- Mint
Chinese Carmakers Agree to Standardize Supplier Payment Periods
(Bloomberg) -- Several of China's state-owned automakers have pledged to standardize bill payment periods for their suppliers to 60 days after authorities raised concerns about supply chain financing. At least three carmakers, including Dongfeng Motor Group Co., Guangzhou Automobile Group Co. and China FAW Group Co. issued similar statements on Tuesday saying their payment plans are aimed at promoting efficient capital flows across supply chains in the automotive industry. Chinese carmakers, embroiled in a domestic price war, have been seeking lower-cost components and delaying payments to suppliers by months, creating a form of quasi-debt financing. Regulators including the Ministry for Industry and Information Technology last week addressed the issue of supply chain financing with the heads of major electric vehicle manufacturers on concerns the price war was becoming unsustainable. Chinese authorities issued new rules in March to protect small and medium enterprises, stipulating that bills should be paid within 60 days and that large firms shouldn't force smaller businesses to accept non-cash payments such as promissory notes or use these methods to delay payments. The regulations will take effect in June. Supply chain financing is common in the auto industry. BYD Co., China's best-selling car brand, has a promissory note system called Dilian, or Dilink in English, that it uses as a form of payment to its suppliers and can be redeemed at a later time. The platform had issued 400 billion yuan ($55.7 billion) worth of notes as of May 2023, the last time that BYD disclosed such information. BYD took an average of 275 days to pay suppliers in 2023, Bloomberg compiled data show. A report by accounting consultancy GMT Research puts BYD's true net debt at closer to 323 billion yuan, compared with the 27.7 billion yuan listed on its books as of the end of June 2024, through delaying its payments to suppliers and other related financing. More stories like this are available on
Time of India
14 minutes ago
- Time of India
A riveting, action-packed year awaits Modi 3.0 on the diplomatic front
The first year of Modi 3.0 will be remembered most for Operation Sindoor, thrusting Pakistan back to the centrestage of Indian foreign policy. By striking terrorist infrastructure deep inside Pakistan, India not only imposed unprecedented costs upon Islamabad for its support to cross-border terrorism but also raised the stakes for the international community's indulgence of Pakistan's duplicity in addressing a core Indian concern. The year also saw milestones being delivered like the India-UK FTA and the India-EU end-of-2025 deadline set by both sides for a similar agreement that the EU has described as the largest deal of its kind anywhere in the world. PM Modi's visit to the US within a month of President Trump's return to the White House, along with the launch of negotiations for a bilateral trade agreement, was also one of the high points. There were other foreign policy pluses, none perhaps more significant than the breakthrough with China in the form of the successful settlement of the five-year-old border standoff. The thaw in the relationship after the Modi-Xi meeting in Oct in Russia saw India resuming bilateral visits to Beijing and agreeing on a host of measures to normalise ties. Among the highlights was the upgrade in ties with the Taliban with the first political contact in the form of external affairs minister S Jaishankar's talks with the acting Afghan foreign minister, Amir Khan Muttaqi. Modi also garnered international attention for his back-to-back visits to Russia and Ukraine, during which he stressed the importance of direct talks to end the war - something the two sides are engaged in currently. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 임플란트 고민 중이라면? 인천 시민이 주목한 33만원 시술 플란치과 더 알아보기 Undo However, many of these foreign policy hits remain an unfinished business and will test India's resolve in the days ahead. On Pakistan, the challenge will be to ensure the global community, particularly the UN Security Council where Pakistan is a member, shows understanding about the punitive terms India has set out in the 'new normal' against Pakistan-sponsored cross-border terrorism. This will be critical in the event of another terrorist attack from across the LoC. The all-party delegations have made a beginning but there's more to be done, while being mindful of the risks of India-Pakistan re-hyphenation that such an exercise might entail. Managing the relationship with the US will be another pressing challenge in the second year of Modi 3.0. This has arisen unexpectedly from Trump's constant needling of India on bilateral trade and perhaps even more damaging utterances on the India-Pakistan conflict, like his use of the term mediation - a big taboo in Indian foreign policy lexicon - and his drawing an equivalence between India and Pakistan. India is hoping that not just the US but also its other Quad partners will be more liberal in their support for India on cross-border terrorism, like in the form of a joint statement when the foreign ministers and leaders meet this year. The third significant challenge in the next few months will be to decide whether it's time to reinforce the improvement in ties with Beijing by resuming direct air and normal visa services with and, more importantly, with a visit to the country by Modi for SCO summit. Despite China's ties with Pakistan acting as a deterrent, India has kept the door open for continued engagement. Modi has also shown interest in rebuilding ties with Canada by accepting his counterpart Mark Carney's delayed invitation for the G7 but this will be subject to Ottawa's handling of Khalistani separatists and also the probe into Nijjar murder that wrecked the relationship. Signs of improvement in Pakistan-Taliban ties and the proposal to expand CPEC into Afghanistan might pose a few problems too. All in all, a riveting, action-packed year is what awaits Modi 3.0.
Time of India
14 minutes ago
- Time of India
Horoscope Today, June 11, 2025: Daily Predictions Based on Your Chinese Zodiac Sign
Welcome to your daily Chinese horoscope, where we explore the mystical insights of the Chinese zodiac. Each day brings new opportunities and challenges, shaped by the powerful dynamics of the Chinese zodiac signs and the ongoing Chinese zodiac year. Discover what the stars have in store for you based on your specific zodiac sign in this ancient astrology tradition. Horoscope Today for Rat Zodiac (1948, 1960, 1972, 1984, 1996, 2008, 2020) In the early part of the day, a moment of insight steals all confusion and places it under bright light. At work, choose one objective and go deep into it. The relationships improve with an honest heart-to-heart from you. Be careful with money matters—do not rush. Your mind is peaceful today, so why not plan something great in that energy? Health-wise, simple activities like breathing and walking can do wonders. Trust those instincts—they're yours right now. Flow and focus are your power. Horoscope Today for Ox Zodiac (1949, 1961, 1973, 1985, 1997, 2009, 2021) Once scattered, things begin to fall into place today. Finally, your efforts begin to pay off. At work, things come together; at home, life feels peaceful. Do not rush around trying to control everything; instead, take care of your finances. Finances slowly start to improve, so keep steady. You might be struck by a calm within you, which you can use for some self-care or even spiritual time. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Egypt: New Small Electric Car For Seniors. Prices Might Surprise You. Electric Cars | Search Ads Undo Let the little things delight you. Life is supporting your patience today. Horoscope Today for Tiger Zodiac (1950, 1962, 1974, 1986, 1998, 2010, 2022) Notice the energy uplifting you today. You feel particularly inspired—follow that spark! Now, creative works or novel ideas flourish easily. Have conversations with those who reinvigorate your spirit. Avoid others who drain you. Money flows more smoothly if you avoid risky steps. Health is strong; stay active! The spirits feel light today- let that light spirit dance freely! Horoscope Today for Rabbit Zodiac (1951, 1963, 1975, 1987, 1999, 2011, 2023) The honest voice gives you confidence. Heart-talk dispels the fog of doubt, whether in love or friendship. Work calls for even gentler speaking of truth, for people listen at present. Money would be gained if a sincere plan were implemented. Your spirit shall open and feel more peaceful with this. Health improves as long as the emotions find their balance. Today, your calmness is your strength: listen to your heart and give that trust fertile ground inside you. Horoscope Today for Dragon Zodiac (1940, 1952, 1964, 1976, 1988, 2000, 2012, 2024) The feared phase now seems to be in line with your timing. Hence, today, whatever has been put on hold is moving forward smoothly. Doors to the professional front open for you when you put forth courageous ideas. Love deepens with honesty in sharing. So, gain comes while waiting. Health is good when you relax your mind. No hurry, just let the moment be. Your confidence is currently quite high, so make the most of it. Destiny walks beside you. Horoscope Today for Snake Zodiac (1941, 1953, 1965, 1977, 1989, 2001, 2013) Choose meaning over momentum today. Fast steps may not be the right ones at this time. In a career, focus on work that brings purpose. Relationships feel deeper when you slow down and listen. Financial matters require thoughtful planning, not impulsive decisions. Health improves when you prioritise inner peace. Let each action have value. Today, stillness gives more strength than speed. Reflect, then move. Horoscope Today for Horse Zodiac (1942, 1954, 1966, 1978, 1990, 2002, 2014) Peace brings with it a quicker remedy these days. Stay cool; big problems will appear smaller. A calm approach to job matters will bring the right result. Great family or love issues become better when you can listen patiently and genuinely. Money needs a balanced mind. Good health is also about rest and routine on the go. Your calm energy can heal others. Remain grounded, and peace will pull you along. Horoscope Today for Goat Zodiac (1943, 1955, 1967, 1979, 1991, 2003, 2015) What is fading away no longer fits who you are. Today, let go of thoughts, habits, or people that hold you back. Work life improves when you put trust in your changing path. Relationships will find you speaking from your new light. Financially, you see some shifts coming- wisely adapt. Health strengthens through emotional release. You are shedding skins; accept the birth of the new self graciously. Change is not loss; it is your growth. Horoscope Today for Monkey Zodiac (1944, 1956, 1968, 1980, 1992, 2004, 2016) Don't pressure the giving relationship. Today, special people may show care in little things: believe them in this, at work, fast, steady, steadily. Let your charm go without being forced. Financial plans require patience to reach an objective; avoid shortcuts. To maintain good health, take regular breaks. Let love grow softly, like a plant in sunlight. No rush at all; your heart knows its perfect timing. Relax into trust. Horoscope Today for Rooster Zodiac (1945, 1957, 1969, 1981, 1993, 2005, 2017) Today, suddenly refreshed endings. Such an appointment can inspire you in both research and life. Be ready to hear something new—it may point the way forward. Soft words, soft ears. A small support will arrive from unexpected places on the income side. Health improves with a calm mind. Something new is in the air for your day—a small step of change. Trust that feeling that lifts your spirit now. Horoscope Today for Dog Zodiac (1946, 1958, 1970, 1982, 1994, 2006, 2018) Perhaps in your silence lies much. Not all truths should be uttered. Your calm presence soothes at work or home. Let go of useless quarrels; they waste your energy. This is a time for quiet reflection and careful consideration in financial decisions. Healing is all around you in the form of a quiet walk or meditation. Listen more; speak less. Your thoughtful energy shines when others understand you better. Let peace be your answer—the heart is heard without noise. Horoscope Today for Pig Zodiac (1947, 1959, 1971, 1983, 1995, 2007, 2019) Today, you are learning to become patient and listen for a moment before reacting. Avoid jumping to conclusions; breathe, think, then speak. Money talks, but move well with a patient disposition. Your health improves when you manage stress effectively. Someone close may decide to share their feelings - the way to go is to listen with a whole heart. The day teaches that silence can be stronger; response is better than reaction. You are growing wise. Discover everything about astrology at the Times of India , including daily horoscopes for Aries , Taurus , Gemini , Cancer , Leo , Virgo , Libra , Scorpio , Sagittarius , Capricorn , Aquarius , and Pisces .
