Don’t miss the latest developments in business and finance.

Xi touts Putin ties as US tensions bring them closer

Image
AFP Beijing
Last Updated : Jun 08 2018 | 7:20 PM IST

President Xi Jinping gave China's first friendship medal to Russian counterpart Vladimir Putin today as the neighbouring giants touted their close ties amid diplomatic and economic challenges from the US.

Xi placed the large golden medal around Putin's neck at the grandiose Great Hall of the People in front of dignitaries from both countries.

China's "highest honour" is bestowed on foreigners who have made "outstanding contributions" to the country's modernisation drive and helped maintain world peace, Xi said.

"This medal of friendship represents the Chinese people's lofty respect for President Putin, and symbolises the profound friendship between China and Russia," he said.

The most powerful Russian and Chinese leaders in decades, Putin and Xi have forged closer ties as US President Donald Trump has labelled both countries economic rivals that challenge US interests and values.

Before the medal ceremony, Putin said the two heads of state had enjoyed "fruitful" talks.

Also Read

"The relationship between Russia and China is a friendly, neighbourly one, developing... in the spirit of overarching strategic partnership," he said.

The two leaders later attended a youth ice hockey game in the coastal city of Tianjin.

Analysts remarked on their similar leadership styles.

Xi and Putin are "soulmates who want to make their countries great again", Alexander Gabuev, senior fellow at the Carnegie Moscow Center, told AFP.

"Both share scepticism towards American hegemony and distrust US intentions, both are authoritarian personalistic rulers," he said.

Putin was re-elected to a fourth Kremlin term in March. That same month, Xi was given a path to indefinite rule when the the Communist-led rubber-stamp parliament lifted presidential term limits.

China is mired in tough negotiations with the United States to avoid a trade war, while Moscow has deep differences with Washington on multiple diplomatic fronts, including Syria and Ukraine.

"We both believe that the current trade protectionism has increased, and there are many uncertainties in the recovery of the world economy. Economic globalisation and regional economic integration are the trend of the times," Xi said.

Putin noted that bilateral trade between Russia and China hit USD 87 billion last year and rose by 31 per cent in the first quarter of this year. "If we are able to keep up this rate of growth we may be able set a record at the level we discussed achieving over the period of several years -- USD 100 billion," Putin said.

Putin played up his bond with "good friend" Xi in an interview with China's state broadcaster CGTN this week.

He said the Chinese president was the only state leader to have celebrated his birthday with him, with the pair sharing vodka and sausage.

Xi "is approachable and sincere", Putin told CGTN. "But he's also a very dependable man to work with."

Disclaimer: No Business Standard Journalist was involved in creation of this content

More From This Section

First Published: Jun 08 2018 | 7:20 PM IST

Next Story