Xi, Modi BRICS meet off with China President set to miss event
By Simone IglesiasBrazil was told by the Chinese government that President Xi Jinping will miss the summit of BRICS leaders that will take place in Rio de Janeiro next month, according to a government official familiar with the matter.Xi will be represented by Premier Li Qiang, the Brazilian official said, requesting anonymity because the information isn't public..Donald Trump, Xi Jinping agree to repair fraying trade truce.Although China didn't provide a reason for Xi's absence, Brazil doesn't see this as a reason for concern, according to a second government official. President Luiz Inacio Lula da Silva has already spent a good amount of time with Xi last year — during the G-20 meeting in Rio, which was followed by Xi's state visit to Brasilia — and again this year when Lula retributed the state visit in Beijing.
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Economic Times
35 minutes ago
- Economic Times
China's premier warns global trade tensions 'intensifying'
Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Tianjin: Chinese Premier Li Qiang warned on Wednesday that global trade tensions were "intensifying" as he addressed the opening ceremony of the World Economic Forum Officials including Singaporean Prime Minister Lawrence Wong are among those attending this week's gathering in the northern port city of Tianjin, known colloquially as the "Summer Davos".Li said the global economy was "undergoing profound changes" -- a thinly veiled reference to swingeing tariffs imposed by US President Donald Trump."Protectionist measures are significantly increasing and global economic and trade frictions are intensifying," Li added."The global economy is deeply integrated and no country can grow or prosper alone," Li said."In times when the global economy faces difficulties, what we need is not the law of the jungle where the weak fall prey to the strong, but cooperation and mutual success for a win-win outcome," Li number two official also painted a bullish picture of the Chinese economy, the world's second-largest, which has been beset by slowing growth and a lull in consumer spending. China 's economy continues to grow steadily, providing strong support for the accelerated recovery of the global economy," he he added, was "stepping up our efforts to implement the strategy of expanding domestic demand".This was "promoting China's growth into a major consumption powerhouse based on the solid foundation of a major manufacturing powerhouse".Beijing is eyeing growth this year of around five percent -- a target viewed as ambitious by many have since late last year rolled out a series of steps intended to boost spending, including key interest rate cuts and steps to encourage results have been varied, just as added pressure on trade from US tariffs threatens to hit the country's vast manufacturing sector."We expect the (Chinese) economy to continue to slow over the coming months," wrote Leah Fahy , China Economist at Capital Economics, in a note on speech at the WEF gathering sought to portray China as a staunch defender of a rules-based international trading system that is now under attack by the Trump comments echoed remarks Tuesday by President Xi Jinping to Singapore's Wong during a meeting in Beijing in which he called for the countries to resist a "return to hegemony" and President and CEO Borge Brende told AFP Tuesday it was "too early to say" what impact Trump's tariff blitz will have on the world economy."The traditional globalisation we saw is now changed into a different system," he said, warning of a possible "decade of lower growth".
Time of India
42 minutes ago
- Time of India
Rajnath Singh to head to China for key SCO defence talks; anti-terror focus tops agenda- first high-level visit since Ladakh standoff
Union defence minister Rajnath Singh (Image credits: ANI) NEW DELHI: Union defence minister Rajnath Singh will travel to Qingdao, China, on Wednesday to attend the Shanghai cooperation organisation (SCO) defence ministers' meeting. This marks the first visit by a senior Indian minister to China since tensions flared along the Line of Actual Control (LAC) in eastern Ladakh in May 2020. In a post on X, Singh said, 'Today, 25th June, I shall be leaving for Qingdao, China, to take part in the Shanghai cooperation organisation (SCO) defence ministers' meeting. ' 'I will have the opportunity to interact with various Defence Ministers on a wide range of issues. Looking forward to present India's vision for global peace and security and also, call for joint and consistent efforts to eliminate terrorism,' he added. During the visit, Singh is expected to engage in bilateral discussions with his Chinese and Russian counterparts, with the agenda likely to cover a wide range of regional and global security issues, including the ongoing tensions in West Asia. In a press release, the ministry of defence said, "Raksha Mantri is expected to highlight India's continued commitment to the principles and mandate of the SCO, outline India's vision towards achieving greater international peace & security, call for joint & consistent efforts to eliminate terrorism & extremism in the region, and stress on the need for greater trade, economic cooperation and connectivity within SCO. The SCO, established in 2001 by China, Russia, Kazakhstan, Kyrgyzstan, Tajikistan, and Uzbekistan, is a regional political, economic, and security alliance. India became a full member in 2017, followed by Iran. The organisation now serves as a key platform for India to engage with major regional players, including Central Asian countries, on issues of security and cooperation. India uses the SCO to address its concerns over cross-border terrorism, particularly from Pakistan, and to push for action against UN-proscribed terror groups. The forum also provides New Delhi with an opportunity to counterbalance China-led narratives by promoting its own vision of a free, open, and inclusive regional order. Strategically, the SCO allows India to manage complex ties with both China and Pakistan while deepening its longstanding partnership with Russia and expanding engagement with Central Asia. It also supports India's broader connectivity goals through initiatives like the International North-South transport corridor and the Chabahar Port, even as India remains cautious of China's Belt and Road initiative.
Time of India
an hour ago
- Time of India
China's premier warns global trade tensions 'intensifying'
Tianjin: Chinese Premier Li Qiang warned on Wednesday that global trade tensions were "intensifying" as he addressed the opening ceremony of the World Economic Forum . Officials including Singaporean Prime Minister Lawrence Wong are among those attending this week's gathering in the northern port city of Tianjin, known colloquially as the "Summer Davos". Li said the global economy was "undergoing profound changes" -- a thinly veiled reference to swingeing tariffs imposed by US President Donald Trump. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Dukung Orang Terkasih Menghadapi Limfoma: Mulai Di Sini Limfoma Baca Undo "Protectionist measures are significantly increasing and global economic and trade frictions are intensifying," Li added. "The global economy is deeply integrated and no country can grow or prosper alone," Li said. Live Events "In times when the global economy faces difficulties, what we need is not the law of the jungle where the weak fall prey to the strong, but cooperation and mutual success for a win-win outcome," Li said. Beijing's number two official also painted a bullish picture of the Chinese economy, the world's second-largest, which has been beset by slowing growth and a lull in consumer spending. " China 's economy continues to grow steadily, providing strong support for the accelerated recovery of the global economy," he said. Beijing, he added, was "stepping up our efforts to implement the strategy of expanding domestic demand". This was "promoting China's growth into a major consumption powerhouse based on the solid foundation of a major manufacturing powerhouse". Beijing is eyeing growth this year of around five percent -- a target viewed as ambitious by many economists. Officials have since late last year rolled out a series of steps intended to boost spending, including key interest rate cuts and steps to encourage homebuying. But results have been varied, just as added pressure on trade from US tariffs threatens to hit the country's vast manufacturing sector. "We expect the (Chinese) economy to continue to slow over the coming months," wrote Leah Fahy , China Economist at Capital Economics, in a note on Tuesday. Li's speech at the WEF gathering sought to portray China as a staunch defender of a rules-based international trading system that is now under attack by the Trump administration. His comments echoed remarks Tuesday by President Xi Jinping to Singapore's Wong during a meeting in Beijing in which he called for the countries to resist a "return to hegemony" and protectionism. WEF President and CEO Borge Brende told AFP Tuesday it was "too early to say" what impact Trump's tariff blitz will have on the world economy. "The traditional globalisation we saw is now changed into a different system," he said, warning of a possible "decade of lower growth".
