Russian FM visits China following Yellen
Russian FM visits China following Yellen
As Russian Foreign Minister Sergey Lavrov arrived in China on Monday for an official visit, many observers said the China-Russia comprehensive strategic partnership will be further strengthened despite US pressure.
At the invitation of Chinese Foreign Minister Wang Yi, who is also a member of the Political Bureau of the Communist Party of China Central Committee, the Russian top diplomat will pay an official visit to China from Monday to Tuesday, Foreign Ministry spokesperson Mao Ning announced on Sunday.
Mao said at a routine press conference on Monday that the two sides will exchange views and coordinate stances on the development of bilateral ties, cooperation in different fields and the international issues of shared common concern on the sidelines of the 75th anniversary of the establishment of China-Russia diplomatic relations.
As Russian Foreign Ministry Spokeswoman Maria Zakharova announced earlier, in Beijing Lavrov will hold talks with Wang. In particular, the ministers will discuss the situation in Ukraine and the Asia-Pacific region, issues of bilateral cooperation and interaction in the international arena.
Xi meets visiting Vietnam top legislator
Chinese President Xi Jinping on Monday met with Chairman of the National Assembly of Vietnam Vuong Dinh Hue in Beijing.
At the invitation of Zhao Leji, chairman of the National People’s Congress Standing Committee, Hue is in China for a six-day official visit beginning on Sunday, media reported. The head of the assembly is officially among the four “pillars” of the leadership in Vietnam, which has no paramount ruler, Reuters reported, noting that the pillars also include the party chief, the president and the prime minister.
While asking Vuong Dinh Hue to convey his cordial greetings to Nguyen Phu Trong, General Secretary of the Communist Party of Vietnam (CPV) Central Committee, Xi also said that during his visit to Vietnam at the end of last year, he and Nguyen Phu Trong jointly announced the building of a China-Vietnam community with a shared future that carries strategic significance, opening a new chapter in bilateral ties.
China’s Commerce Minister hits out at accusations of ‘overcapacity’ by US, Europe
Chinese officials have hit out at US and European accusations of “overcapacity” in China’s electric-vehicle (EV) industry in recent days, while Chinese experts believe that playing the “overcapacity” card shows the West’s insecurity over China’s competitive advantage. They added that this is also another form of de-risking from China, which will only hinder progress toward their green and low-carbon transformation, experts said.
Chinese Commerce Minister Wang Wentao on Sunday hit out at Western accusations of “overcapacity” in China’s EV industry, saying that China’s advantage is built on innovation, not subsidies, according to China’s ministry of commerce (MOFCOM).
Chinese Vice Finance Minister Liao Min on Monday also addressed the US accusations of China’s “overcapacity” in emerging industries, emphasizing the importance of market adjustments. However, trade protectionism measures are not the solution, he said.
The remarks come as the latest response to recent hype from the US and Europe claiming that China has “overcapacity” in some industries such as EVs, as they attempt to restrict China’s market access and protect their own industries through protectionist measures.