Rightways: petro-yuan

Sunday, June 9, 2019

Alarm bells ring in Washington as China and Russia TEAM UP

https://youtu.be/QRZN3TleJzY

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China's 'petro-yuan': The end of the dollar hegemony? | Counting the Cost

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https://www.express.co.uk/news/world/1137102/china-russia-partnership-trump-trade-war-putin-xi-jinping#t=9s

Moscow’s strongman this week welcomed Mr Xi to the Kremlin for a three-day state visit to sign new trade deals and investment promises. After the Chinese President touched down in Russia on Wednesday, Mr Putin led him on a tour of Moscow Zoo, where two pandas loaned to Russia by the Chinese for a 15 year project are staying. The offer of Ru Yi, a male, and Ding Ding, a female, who will live at the zoo with the aim of reproducing, was a “gesture of particular respect and trust in Russia,” Mr Putin said.

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But while it make take some time for the animals’ partnership to bear fruit - pandas are known to be reluctant breeders - the two leaders’ fellowship has hit “an unprecedented high level”.

Beijing is embroiled in a bitter trade war with Washington while Moscow is suffering the consequences of sanctions imposed by the West over the Ukraine conflict.

As their talks kicked off, Mr Putin told Mr Xi : “Our strategic partnership, we believe, has reached an unprecedented high level.

Mr Trump's hard stance against Russia and China has brought the two countries closer together (Image: GETTY)

Mr. Putin led Mr Xi on a tour of Moscow Zoo to see the two pandas (Image: GETTY)

“We are living in the best of days, in terms of our country’s relations… Our interests are very similar.”
The fond words came at the start of the trip which will see the Chinese leader attend Russia’s flagship economic forum in St Petersburg later this week.

Mr Putin and Mr Xi vowed to deepen military technical cooperation at the talks in Moscow, as businesses from both nations signed off deals.

In a statement published by the Kremlin, Mr Xi said: “Over the past six years we have met almost 30 times … Putin is my best friend and a good colleague.”

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The two pandas will stay in Moscow for 15 years (Image: GETTY)

The two men displayed a relaxed demeanour as they toured the zoo to begin the visit hailed as a “milestone” for the two countries’ alliance.

Last week, China’s deputy foreign minister, Zhang Hanhui, said: “The close and effective co-ordination of Russia and China on international affairs… has been an anchor and stabilising force amid rapid changes in the international situation.”

Beijing is Moscow’s top trading partner while Moscow is Beijing’s tenth-largest trading partner.
Later this year, the Power of Siberia pipeline connecting Russia to China is due to be complete, which is reportedly valued at £315bn ($400bn)

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