Business Maverick: Xi’s Europe Outreach Aims to Avert East-West Clash For China

  • 📰 dailymaverick
  • ⏱ Reading Time:
  • 66 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 30%
  • Publisher: 84%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

A flurry of diplomatic calls between Beijing and European capitals shows how President Xi Jinping is trying to keep Russia’s invasion of Ukraine from dragging China into the center of another struggle for global supremacy reminiscent of the Cold War.

Xi spoke via video link Tuesday with French President Emmanuel Macron and German Chancellor Olaf Scholz, suggesting China would be willing to work with the two countries to mediate a solution. The summit follows Foreign Minister Wang Yi’s calls with top regional diplomats including Josep Borrell of the European Union and Peter Szijjarto of Hungary.

“It is a critical moment for Europe-China relations,” said Noah Barkin, an expert on Europe-China relations at U.S. research firm Rhodium Group. “If Beijing stays on the sidelines and continues to blame the U.S. and NATO for provoking Putin, then this could do lasting damage to its relationship with Europe. The democracies-versus-authoritarians narrative will take hold. China and Russia will be seen as a common threat.

Xi continued that approach in his summit with Macron and Scholz, saying the “Chinese side is deeply grieved by the outbreak of war again” in Europe, according to a Foreign Ministry summary. “The pressing task at the moment is to prevent the tense situation from escalating or even running out of control,” Xi said, citing concerns about energy, supply chains and the post-pandemic recovery.“Europe is now more reliant on the U.S.

China’s strong ties with Ukraine — including its status as the country’s second-largest trading partner behind the EU in 2020 — have led some in Europe including Ukrainian Foreign Minister Dmytro Kuleba to urge Beijing to mediate. Moscow’s dependence on Beijing to offset sanctions appears to give Xi a bit of leverage: Putin opened talks with Zelenskiy shortly after the Chinese and Russian leaders spoke, though they went nowhere.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in CA

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Business Maverick: China Construction Bank Unit Gets Reprieve on Metal Margin CallsA unit of China Construction Bank Corp. was given additional time by the London Metal Exchange to pay hundreds of millions of dollars of margin calls it missed Monday amid an unprecedented spike in nickel prices, according to people familiar with the matter.
Source: dailymaverick - 🏆 3. / 84 Read more »