Language : English 简体 繁體
Media Report
September 03 , 2017
  • Reuters reports that the BRICS group of emerging economies must promote trade liberalization and an open world economy, Chinese President Xi Jinping said at a business meeting on Sunday at the start of a three-day summit being held in southeastern China. The heads of state from Brazil, Russia, India, China and South Africa will gather in the city of Xiamen through Tuesday, giving China as host its latest chance to position itself as a bulwark of globalization in the face of U.S. President Donald Trump's "America First" agenda. BRICS leaders will be joined by observer countries Thailand, Mexico, Egypt, Guinea and Tajikistan, and officials will discuss a "BRICS Plus" plan to possibly expand the bloc to new members... "We should push for an open world economy, promote trade liberalization and facilitation, jointly create a new global value chain, and realize a global economic rebalancing," Xi told BRICS business leaders and senior officials. Xi said he still had "full confidence" in BRICS countries' development despite claims that the bloc's relevance had faded due to slower growth. "The development of emerging market and developing countries won't touch anyone's cheese, but instead will diligently grow the world economic pie," he said. Earlier, Chinese vice trade minister, Wang Shouwen, said the BRICS meeting was expected to "reach consensus for actions" to oppose trade protectionism. He added that China was interested in possibly establishing a free trade agreement with Mexico.

  • Reuters reports that North Korea's latest nuclear test is likely to pile more pressure on China to take tough action against its neighbor, but Beijing already doubts economic sanctions will work and says it is not its sole responsibility to rein in Pyongyang. China has lambasted the West and its allies over recent weeks for promoting the "China responsibility theory" for North Korea, and been upset by Seoul and Washington's own military drills that Beijing says have done nothing to cool tensions. "The United States has to play its own role and should not be blindly putting pressure on China to try and squeeze North Korea," said Ruan Zongze, a former Chinese diplomat now with the China Institute of International Studies, a think-tank affiliated with the Foreign Ministry. While the seriousness of Sunday's nuclear test means China will likely support tough new action, including possibly cutting off oil supplies, China will make clear others need to step up too, Ruan added. Over the past week, China's foreign ministry has repeatedly hit back at calls from Western countries and Japan for China for to do more to rein in North Korea, saying that pushing for dialogue was an equally integral part of the U.N. resolutions, and that escalating sanctions alone had been evidently ineffective.

News
Commentary
Back to Top