Xi Jinping’s Remarks on Trade
In a pointed address, Chinese leader Xi Jinping condemned ‘bullying practices’ in international trade, implicitly referencing U.S. policies under President Trump. Trump has imposed significant tariffs on both China and India, raising India’s import duties to 50 percent while criticizing its purchases of inexpensive Russian oil, which he claims supports the Kremlin’s military efforts.
Meeting of Global Leaders
Speaking to an audience that included approximately 20 world leaders, such as Russian President Vladimir Putin and Indian Prime Minister Narendra Modi, Xi emphasized the importance of the Shanghai Cooperation Organization (SCO) in fostering a multilateral trading system.
About the SCO
Established in 2001, the SCO originated with China, Russia, and four Central Asian nations, aimed at balancing Western alliances like NATO. Today, the organization comprises 10 full members along with 16 countries functioning as partners and observers, including Iran, Belarus, and Myanmar.
Upcoming Events in Beijing
The SCO summit in Tianjin precedes a significant event taking place in Beijing on Wednesday: China’s Victory Day parade. Notable attendees will include Putin, North Korean leader Kim Jong Un, Slovak Prime Minister Robert Fico, and Serbian President Aleksandar Vučić.
