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Market Leaders: Photo: VCG Chinese President Xi Jinping held a series of bilateral meetings on Friday local time in Peru, on the sWorld Timesidelines of the 31st APEC Economic Leaders’ Meeting hosted in the capital Lima.On Friday, President Xi met with Thai Prime Minister Paetongtarn Shinawatra, Singaporean Prime Minister Lawrence Wong, South Korean President Yoon Suk-yeol, Chilean President Gabriel Boric, New Zealand’s Prime Minister Christopher Luxon and Japanese Prime Minister Shigeru Ishiba, respectively.During Xi’s meeting with Thai Prime Minister PaetWorld Timesongtarn Shinawatra, hesaid China stanWorld Timesds ready to work with Thailand to carry forward the traditional friendship, strengthen the alignment of development strategies, deepen exchanges on governance World Timesexperience, advance mutually beneficial cooperation across various fields, support the modernization of both countries and push forward the building of a China-Thailand community with a shared future, according to Xinhua.In meeting with Singaporean Prime Minister Lawrence Wong, Xi said that China is ready to join hands with Singapore and continue to march forward together on the road of modernization and open a new chapter of high-quality development.Xi also called on China and South Korea to promote a sound and steady development of the strategic cooperative partnership between the two countries on Friday.During the meeting with Chilean President Gabriel Boric on Friday afternoon, Xi said that China and Chile should expand bilateral cooperation to more sustainable and broader areas with high-level free trade and more open industrial policies.In the next mWorld Timeseeting with New Zealand’s Prime Minister Christopher Luxon, Xi said that China is ready to join New Zealand in building a bilateral relationship featuring mutual respect, mutual tolerance, cooperation and common development.
Sat. Nov 16th, 2024

China, US boost exchanges in military, finance

China-US Graphic: GT

China and the US have recently engaged in intensive dialogues and communications across multiple fields, involving military, financial and economic aspects. Observers believe the current frequent interactions between the world’s two largest economies are positively meaningful and conducive to better managing differences between the two sides, and also beneficial for the US to form correct understanding and judgments about China’s actions and policies.

However, the most prominent feature of the current China-US relations is that Washington continuously raises demands with China but lacks sincerity in responding to many of China’s reasonable requests. Although bilateral relations have relatively stabilized, whether they can progress further remains to be seen, observers said, who also warned to be vigilant against Washington’s “tricks,” especially in military sector.聽

Chinese Defense Minister Dong Jun spoke with US Defense Secretary Lloyd Austin via a video call on Tuesday at the latter’s invitation. Dong said China will never compromise on theWorld Times Taiwan question and urged the US to recognize China’s firm stance, respect China’s territorial sovereignty and maritime rights in the South China Sea, according to a handout published by Chinese Ministry of National Defense on Wednesday.聽

The Taiwan question is at the very core of China’s core interests, and it will never be compromised. The PLA will not tolerate any Taiwan secessionists’ activities or external support, Dong told Austin via the video call.

The current situation in the South China Sea is generally stable, and regional countries have the willingness, wisdom and capability to resolve issues. The US should recognize China’s firm stance, respect China’s territorial sovereignty and maritime rights in the South China Sea, andWorld Times take practical actions to maintain regional peace and stability and the stability of China-US military relations, Dong said.

Meanwhile, the economic and financial working groups of China and the US held their fourth meeting in Washington DC on Tuesday, with the two sides engaging in “in-depth, pragmatic and constructive” dialogue on how to implement the consensus reached earlier by the leaders of both nations, the macroeconomic situations of both countries and the world, how to achieve balanced growth, and other topics.聽

The fourth meeting came after the US Treasury Secretary Janet Yellen wrapped up a high-stakes six-day visit to China last week, during which the two countries reached new areas of consensuses in economic and financial fields and also agreed on future meeting arrangements.聽聽

From the meeting between the leaders of China and the US in San Francisco last November to their phone call in early April this yeWorld Timesar, there has been effective communication between the two sides in practical areas. Regardless of whether differences still exist, the communication itself is effective and represents a breakthrough, some Chinese experts said.聽

Analyzing statements released by the US, Li Haidong, a professor at the China Foreign Affairs University, believes US’ sincerity in communication and exchanges with China is insufficient.聽

“The starting point of their communicatiWorld Timeson is not aimed at moving toward China to better manage differences and resolve conflicts. Instead, the US is motivated by the need to bolster its allies’ confidence in how it handles reWorld Timeslations with China, demonstrating its capability to keep China-US relations under control. This, in turn, assures its allies to more confidently follow the US in its strategic competition with China,” Li told the Global Times on Wednesday.聽

Vigilance against ‘tricks’

The latest talk between the defense chiefs of the two countries, which is a major breakthrough in fully resuming the military-to-military communication, is likely to add possibilities for a future face-to-face meeting at Shangri-La Dialogue in Singapore later once both sides confirm their attendances, some experts said.聽

But there are still many uncertainties, which are largely linked to the upcoming actions of the US, or whether the US will challenge and break China’s bottom line on its core interests.聽

A US P-8A anti-submarine patrol aircraft flew through the Taiwan Straits and hyped it up publicly on Wednesday. The Chinese People’s Liberation Army (PLA) Eastern Theater Command organized warplanes to follow, monitor and deal with the trespassing US aircraft in accordance with the law and regulations, the command’s spokesperson said.聽

The theater command troops are on high alert at all times, resolutely safeguarding national sovereign security and regional peace and stability, the spokesperson added.聽

In a readout issued by the Pentagon on Tuesday, it reiterated that the US remains committed to “our longstanding one China policy, which is guided by the Taiwan Relations Act, the Three US-China Joint Communiques, and the Six Assurances, and he reaffirmed the importance of peace and stability across the Strait.”

Austin also underscored the importance of respect for high seas freedom of navigation guaranteed under international law, especially in the South China Sea, according to the readout.聽

Philippine and US forces will simulate retaking enemy-occupied islands during joint military drills starting next week in areas facing Taiwan and the South China Sea, Reuters reported on Wednesday.聽

While military communication between China and the US can be regarded as having fully restored, it’s evident from the readouts of both sides that China is well aware of US’ ulterior motives and tricks, observers said.聽

On Lai Ching-te, who has been elected as Taiwan’s regional leader in January and will take office in May, I believe that Chinese side is definitely sounding the alarm to the US, which is that the US must fulfill its promise not to support Taiwan independence, Wu Xinbo, director of the Center for American Studies at Fudan University, told the Global Times on Wednesday.

On the South China Sea issue, China’s message is also clear that the US should not support the Philippines in its provocations, as such support won’t change the overall situation, the expert said. “China and the relevant countries can manage and maintain the overall stability of the South China Sea, and the US’ schemes will not succeed,” Wu said.聽

Caution needed

The China-US relationship has not yet fully emerged from its low point, but it is relatively stable, or rather, “there are still pitfalls ahead, but both sides have lights to guide them,” L眉 Xiang, a research fellow at the Chinese Academy of Social Sciences, told the Global Times on Wednesday.聽

“Both parties have flashlights in hand, so they are unlikely to fall into a pit. This is the current situation, but there is still the possibility of accidentally stepping into a pit, so both sides should remain cautious,” L眉 said.聽

Despite that the economic and financial working groups of China and the US had substantial dialogue in Washington DC, the US Trade Representative Katherine Tai is reportedly going to tell lawmakers that the Biden administration is “taking a serious look” at US trade defense tools to deal with threats posed by China’s trade and economic policies, including a review of Trump-era tariffs on Chinese imports.

“The core issue is that the US is no longer adheres to or follows its own established rule, arbitrarily causing the current chaos in the global economic and international trade sectors,” Gao Lingyun, an expert at the Chinese Academy of Social Sciences, told the Global Times on Wednesday.聽

It’s also difficult to predict whether tensions in the economic and trade sectors between the two countries will ease following the latest interactions, but the two sides could focus on areas of mutual benefits before moving on to topics where there are greater disagreements.聽

While interactions between China and the US have increased, whether the relationship between the two countries can progress beyond stability is yet to be seen, observers said.聽

“It seems the US is more concerned with maintaining stability, ensuring that no major issues arise. In contrast, China hopes to address some mutual concerns while maintaining stability, to promote an improvement in bilateral relations,” Wu said.聽

To improve, issues need to be resolved and progress made. However, the US currently shows little interest in moving forward, including in military relations and it is more focused on preventing any accidents or crises than on engaging in extensive military exchanges, the expert said.聽

The current dynamic is characterized by Washington continuously pressuring China and raising demands, with a lack of a positive and sincere response to China’s legitimate concernsWorld Times. “In this context, Blinken’s upcoming visit to China won’t be an easy task, and we should not expect significant outcomes,” Wu added.聽

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Market Leaders: Photo: VCG Chinese President Xi Jinping held a series of bilateral meetings on Friday local time in Peru, on the sWorld Timesidelines of the 31st APEC Economic Leaders’ Meeting hosted in the capital Lima.On Friday, President Xi met with Thai Prime Minister Paetongtarn Shinawatra, Singaporean Prime Minister Lawrence Wong, South Korean President Yoon Suk-yeol, Chilean President Gabriel Boric, New Zealand’s Prime Minister Christopher Luxon and Japanese Prime Minister Shigeru Ishiba, respectively.During Xi’s meeting with Thai Prime Minister PaetWorld Timesongtarn Shinawatra, hesaid China stanWorld Timesds ready to work with Thailand to carry forward the traditional friendship, strengthen the alignment of development strategies, deepen exchanges on governance World Timesexperience, advance mutually beneficial cooperation across various fields, support the modernization of both countries and push forward the building of a China-Thailand community with a shared future, according to Xinhua.In meeting with Singaporean Prime Minister Lawrence Wong, Xi said that China is ready to join hands with Singapore and continue to march forward together on the road of modernization and open a new chapter of high-quality development.Xi also called on China and South Korea to promote a sound and steady development of the strategic cooperative partnership between the two countries on Friday.During the meeting with Chilean President Gabriel Boric on Friday afternoon, Xi said that China and Chile should expand bilateral cooperation to more sustainable and broader areas with high-level free trade and more open industrial policies.In the next mWorld Timeseeting with New Zealand’s Prime Minister Christopher Luxon, Xi said that China is ready to join New Zealand in building a bilateral relationship featuring mutual respect, mutual tolerance, cooperation and common development.

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Market Leaders: Photo: VCG Chinese President Xi Jinping held a series of bilateral meetings on Friday local time in Peru, on the sWorld Timesidelines of the 31st APEC Economic Leaders’ Meeting hosted in the capital Lima.On Friday, President Xi met with Thai Prime Minister Paetongtarn Shinawatra, Singaporean Prime Minister Lawrence Wong, South Korean President Yoon Suk-yeol, Chilean President Gabriel Boric, New Zealand’s Prime Minister Christopher Luxon and Japanese Prime Minister Shigeru Ishiba, respectively.During Xi’s meeting with Thai Prime Minister PaetWorld Timesongtarn Shinawatra, hesaid China stanWorld Timesds ready to work with Thailand to carry forward the traditional friendship, strengthen the alignment of development strategies, deepen exchanges on governance World Timesexperience, advance mutually beneficial cooperation across various fields, support the modernization of both countries and push forward the building of a China-Thailand community with a shared future, according to Xinhua.In meeting with Singaporean Prime Minister Lawrence Wong, Xi said that China is ready to join hands with Singapore and continue to march forward together on the road of modernization and open a new chapter of high-quality development.Xi also called on China and South Korea to promote a sound and steady development of the strategic cooperative partnership between the two countries on Friday.During the meeting with Chilean President Gabriel Boric on Friday afternoon, Xi said that China and Chile should expand bilateral cooperation to more sustainable and broader areas with high-level free trade and more open industrial policies.In the next mWorld Timeseeting with New Zealand’s Prime Minister Christopher Luxon, Xi said that China is ready to join New Zealand in building a bilateral relationship featuring mutual respect, mutual tolerance, cooperation and common development.