
President Xi Jinping used a mix of friendliness and economic appeal this week to send a clear message to Donald Trump: Beijing has too much global influence for the US to dictate.
Cameras captured the Chinese leader in a rare, unscripted meeting on Monday with Vladimir Putin and Narendra Modi – his strongest allies in countering America on the world stage – at a summit in the Chinese port city of Tianjin. At one point, Xi held hands with his Indian counterpart, while the three men shared a lighthearted laugh, a striking sight considering that just months earlier, New Delhi and Beijing were seen as rivals.
The images were a victory for Xi's political project to build an alternative to the US-led world order, where the dominance of the American dollar has given him global influence. Hours after the three men gathered at the Shanghai Cooperation Organization event, Beijing signed a major gas pipeline deal with Moscow – rebuking Trump's attempts to use tariffs to dissuade India and China from buying Russian energy.
"China has developed and sequenced its messages perfectly, and the picture of Xi, Putin, and Modi embracing each other is increasingly clear," said Josef Gregory Mahoney, a professor of international relations at Shanghai's East China Normal University. "This week will be remembered as the week the world fundamentally shifted."
Since coming to power in 2012, Xi has methodically built blocs outside Washington's orbit of influence. While such groupings are often dismissed as mere talking points, Trump's trade war has given them new purpose.
Xi is dangling economic carrots to maximize cohesion. The SCO is being equipped with a new development bank, he announced as the group held its largest summit since its founding in 2001, without disclosing funding details. Meanwhile, Brazil's Luiz Inacio Lula da Silva plans to convene an impromptu virtual meeting of BRICS leaders on Monday to discuss how to unite against Trump's trade policies, Bloomberg reported. (alg)
Source: Bloomberg
President Donald Trump announced a new peace pact between Rwanda and the Democratic Republic of Congo, which he linked to US access to critical minerals. At a meeting in Washington, Trump claimed his ...
A five-hour meeting between Russian President Vladimir Putin and Donald Trump's special envoy, Steve Witkoff, and his son-in-law Jared Kushner, in the Kremlin, failed to produce a peace agreement to e...
US President Donald Trump has hinted that Kevin Hassett, the current chairman of the National Economic Council, whom Donald Trump appointed to the position, is a likely choice from the shortlist of ca...
Vladimir Putin warned that Russia might consider attacking ships of countries supporting Ukraine if the surge in attacks on Moscow's tanker fleet continues, according to local media reports. There ha...
Russian President Vladimir Putin said on Thursday (November 27) that a draft outline of a peace proposal being discussed by the United States and Ukraine could form the basis of a future agreement to ...
US stocks closed higher on Friday (December 5), with the S&P 500 up 0.2%, the Nasdaq up 0.4%, and the Dow Jones Industrial Average up 0.2% as weak PCE data and positive sentiment in Michigan strengthened the likelihood of a 25bps Fed rate cut...
Oil prices edged up nearly 1% to a two-week high on Friday (December 5th) amid growing expectations that the US Federal Reserve will cut interest rates next week, which could boost economic growth and energy demand, as well as geopolitical...
Gold closed around $4,210 an ounce on Friday, near its highest level since late October, paring an earlier rally as a series of US data strengthened the case for an imminent Fed rate cut. Delayed September PCE rose 0.3% month-on-month and 2.8%...
Asia Pacific stock markets opened quietly on Wednesday morning, with investors awaiting the release of key economic data from the United States and...
Private businesses in the US cut 32K jobs in November 2025, following an upwardly revised 47K gain in October, and compared to forecasts of a 10K...
European stocks closed higher on Thursday (December 2nd), supported by a rebound in shares of major banks and automakers. The Eurozone STOXX 50 and...
Asia-Pacific stock markets opened lower on Friday, following the sluggish sentiment on Wall Street. In Australia, the ASX/S&P 200 fell 0.17%. In...