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Amid trade war, China's Xi talks up economy, heads to Moscow

Amid trade war, China's Xi talks up economy, heads to Moscow

Moscow's ties with the United States have declined sharply over the Ukrainian crisis, the war in Syria and the allegations of Kremlin meddling in the USA 2016 presidential elections, while China is engaged in a spiralling trade war with Washington.

"In recent years, thanks to your direct participation, the relationship between Russian Federation and China has reached an unprecedentedly high level", President Putin told his Chinese counterpart on the first day of his three-day visit to Russian Federation, calling him a "dear friend" as the two men met at the Kremlin.

The statements were signed by Xi and Russian President Vladimir Putin at the Kremlin in Moscow.

Now that the two leaders have made a decision to once again elevate their countries' ties, the pair of neighboring large countries are poised to open up a new chapter of bilateral cooperation for greater accomplishments.

Xi's three-day trip to Russian Federation will include a visit to the St. Petersburg Economic Forum, which runs June 6-8 in Russia's second-largest city.

Russian President Putin thanked his Chinese counterpart for an earlier loan of two pandas that are being housed at the Moscow Zoo.

The partnership is yielding increasing trade, which has increased by 25 percent in 2018 to hit a record $108 billion (96 billion euros), he added, calling China "Russia's most important economic partner".

Putin, who attended 70th anniversary commemorations in France five years ago, has not been invited.

Trump calls Mexico 'abuser' in tariffs row
Trump and fellow Republicans say something needs to be done to stem the biggest migrant surge on the border in a decade. The U.S. -Mexican talks begin on Monday with a meeting between Mexican Economy Secretary Graciela Marquez and U.S.

Xi and Putin watched a video from a themed event of cultural and people-to-people exchanges between China and Russian Federation and enjoyed an artistic performance by artists from the two countries.

There is no end to the development of China-Russia relations, Xi said, adding that China would like to make joint efforts with Russia to bring more benefits to the people of both nations.

These intensive interactions have nurtured a close personal rapport between the two presidents, and attested to the closeness and robustness of the comprehensive strategic partnership of coordination between their countries - a pair of good neighbors, good partners and good friends.

Trade between the two hit $100 billion past year, with major transactions and cooperation projects in military hardware, energy, transportation, agriculture, aviation and space.

For Russia, whose alternative for economic growth is launching deep reforms and reconciling with the West, gradually increasing dependence on China "is perceived as the lesser of two evils", said Mr. Gabuev - provided it did not reach critical levels.

Both countries are locked in economic battles with the United States.

The people of both countries and the worldwide community have greater expectations of China and Russia, Xi said.


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