So now we know. While Moscow is engaged in its futile attempt to take over Ukraine, Xi Jinping is doing his utmost to sneakily spread China’s influence in Russia’s backyard. So much for that famous “friendship without limits” between Xi Jinping and Vladimir Putin. This friendship is turning out to be as phoney as Xi Jinping’s smile.
This is not to say that both sides haven’t gained substantially from their trading relationship. At a time of increasing international isolation, Russia has a wealthy and willing trading partner, providing it with an economic lifeline by buying its energy at heavy discounts. Trade between the two countries has surged since the start of the invasion. On Tuesday, Russia’s Prime Minister Mishustin said bilateral trade could reach $200 billion this year, up from $190 billion in 2022. Russian energy shipments to China are projected to rise by 40 percent this year, according to Interfax, a Russian news agency. Already in the first three months of this year, trade between China and Russia reached $53.8 billion, an almost 40 percent increase on the same period in 2022.
While Russia is concentrating on security provisions in its relationship with China, Beijing is primarily focused on economic development. The relationship is therefore more one of expediency, each side legitimising the other internationally with ties which are largely defined in opposition to the West. But this is not friendship in the traditional sense. A true friend doesn’t take advantage of the other’s weakness, as Xi Jinping is clearly doing to Vladimir Putin in Central Asia.
Esta historia es de la edición May 28, 2023 de The Sunday Guardian.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor ? Conectar
Esta historia es de la edición May 28, 2023 de The Sunday Guardian.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor? Conectar
IMPACT OF AI ON SOLAR MODULE MANUFACTURING EFFICIENCY
As the world increasingly turns to renewable energy sources, solar power has become a leading solution in the fight against climate change.
OPTIMAL COMMUNICATION IS GOLD STANDARD FOR ALL CENTRAL BANKERS: RBI
MUMBAI Optimal communication is the gold standard for all central bankers, said Reserve Bank of India's Deputy Governor, Michael Debabrata Patra on Friday.
Meeting of ASEAN-India Trade in Goods Agreement committee concludes
NEW DELHI The 6th meeting of the ASEAN-India Trade in Goods Agreement (AITIGA) Joint Committee concluded in New Delhi, with leaders urging an expedited review process to conclude negotiations by 2025.
MILEY ON RELATIONS WITH EX-HUSBAND
LOVE WASHINGTON: Singer-songwriter and actor Miley Cyrus opened up about her realtionship with ex-husband Liam Hemsworth and recalled falling in love with him on the set of the 2010 film 'The Last Song'.
Apathetically yours, yet foes forever
Talk of taking your own sweet time, of paying no heed (actually quite ignoring it) to the calendar! Yes, here I speak of the very late setting in of the much-awaited Delhi winter.
Ola Electric lays off 500 employees amid restructuring efforts
NEW DELHI According to sources familiar with the matter, Ola Electric Mobility is cutting 500 jobs across various verticals and levels as part of an ongoing restructuring process.
Royal Enfield Motoverse 2024 kicks off in Goa
Motorcycling enthusiasts have plenty to celebrate as Royal Enfield’s flagship annual community event, Motoverse 2024, takes center stage in Vagator, Goa.
Seventh generation: The all-new BMW M5 launched in India
GURUGRAM The all-new BMW M5 was launched in India.
HMSI releases teaser of Honda Activa Electric
NEW DELHI Honda Motorcycle and Scooter India (HMSI) has teased its much-awaited electric two-wheeler, the Honda Activa Electric, ahead of its official debut on November 27.
Mahindra reveals sketches of its upcoming cars
CORRESPONDENT NEW DELHI Mahindra has stirred excitement in the automotive world by unveiling teaser sketches of its forthcoming Electric Origin SUVs--the BE 6e and XEV 9e which are unveiling officially on November 26.