What to Expect at Xi Jinping and Vladimir Putin’s Meeting
China’s Defence Bosses
China watchers are keen to observe who will lead the talks on military cooperation with Russian officials, as Defence Minister Li Shangfu has been absent from the public eye for over six weeks. General Liu Zhenli is a top contender for the job. Russia’s expertise in aviation, rocketry, and submarine technology has been shared with China over the years, making Russia a valuable source for China’s military modernization plans.
Weapons for War?
While China refrains from condemning Russia’s actions in Ukraine, the United States has warned against China providing weapons to Russia. Although China denies these reports, it remains a significant importer of Russian crude oil, providing economic support to Russia.
Best Friends?
Xi Jinping and Vladimir Putin have cultivated a close friendship, exchanging birthday gifts and referring to each other as best friends. Their bond is evident through their extensive interactions and mutual admiration. Xi even awarded Putin a friendship medal, solidifying their strong relationship.
Oil and Gas
Russian energy giants Gazprom and Rosneft will accompany Putin on his visit to China, indicating Russia’s interest in selling more natural gas to China. Plans are underway to build the Power of Siberia-2 pipeline, which would increase the annual capacity of gas supply. The proposed pipeline aims to meet China’s growing energy demands.
Soaring Trade?
Russia and China have experienced a significant increase in trade, with a 30% surge in the first half of this year. Russian Economy Minister Maxim Reshetnikov predicts trade volume to exceed $200 billion by 2023. Russia is now China’s second-largest trade partner outside Asia, following the United States.
The upcoming meeting between Xi Jinping and Vladimir Putin holds great importance. As the leaders discuss various matters, including military cooperation, trade, and energy, the world eagerly awaits the outcomes of this significant diplomatic encounter.
