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China refuses to sign joint statement condemning Ukraine invasion

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G20 finance ministers have failed to agree on a joint statement condemning Russia’s invasion of Ukraine

 
This is after representatives from both Russia and China refused to sign the document.

Throughout the last 12 months, Beijing has strayed away from joining other world powers in criticising Moscow’s attack.

Instead, China has looked to remain neutral on the conflict – calling for talks to take place between the two sides as a way to try and make peace.

At a meeting of G20 finance ministers in India over the weekend, Beijing continued with this stance.

They joined Moscow in refusing to sign a joint statement which strongly condemned Russia’s aggression.

This comes just days after China also abstained from voting on a UN resolution condemning the invasion.

China and Russia remain close allies and have improved their economic links in the last year, with Beijing buying up Russian oil and criticising Western sanctions on Moscow.

At the end of last week, as the world marked one year since the start of the war in Ukraine, China released a 12-point plan for peace – calling for a ceasefire of hostilities.

Critics of Beijing noted that this peace plan offered no condemnation of Russia’s invasion.

They also pointed to recent meetings between China’s Foreign Minister Wang Yi and Russian President Vladimir Putin, claiming that China is too pro-Moscow to be truly neutral on the conflict.

All of this follows recent claims from US Secretary of State Anthony Blinken that Beijing is considering the possibility of providing weapons to Moscow – claims which China strongly deny.

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Gold plunges 5% in biggest drop since 2013

Gold prices plummet over 5%, raising global market concerns as investors react, says Chris Weston from Pepperstone.

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Gold prices plummet over 5%, raising global market concerns as investors react, says Chris Weston from Pepperstone.


Gold prices have crashed over 5% in a single day, sparking concerns across global markets and sending investors scrambling.

Chris Weston from Pepperstone breaks down the causes and implications.

#Gold #Markets #Investing #Commodities #GoldCrash #PreciousMetals #ASX #GlobalMarkets #Finance #Trading


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Trump and Xi set for high-stakes APEC showdown

Trump and Xi to meet at APEC, seeking to ease trade tensions and revive dialogue amid tariff threats.

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Trump and Xi to meet at APEC, seeking to ease trade tensions and revive dialogue amid tariff threats.


President Trump and President Xi Jinping will meet for the first time in six years at the APEC summit, aiming to ease trade tensions and revive dialogue amid tariff threats.

#Trump #XiJinping #APEC #Trade #China #USPolitics #Economy #Tariffs #AsiaPacific #GlobalSummit


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Trump to meet Xi at APEC amid trade tensions

Trump to meet Xi at APEC summit as trade tensions escalate and tariffs loom

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Trump to meet Xi at APEC summit as trade tensions escalate and tariffs loom

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In Short:
– Trump will meet Xi Jinping at the APEC summit in South Korea later this month amid trade tensions.
– China has reshuffled its trade team, appointing Li Yongjie as the new WTO representative.
President Donald Trump confirmed he will meet Chinese President Xi Jinping at the Asia-Pacific Economic Cooperation summit later this month in South Korea.
It marks their first face-to-face encounter in six years amid ongoing trade tensions.Trump expressed hope about achieving a “fantastic deal,” despite escalating disputes. He is prepared to impose significant tariffs on Chinese imports if no agreement is reached. Current U.S. tariffs on Chinese goods average 55%, with a potential increase to 155% looming.

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Trump mentioned that he believes an excellent trade deal would benefit the U.S., China and the global economy. He acknowledged the importance of the negotiations, stating that China respects the U.S. but is always seeking advantages in trade.

China’s Trade Reshuffle

China has reshuffled its trade negotiation team. Li Chenggang has been removed from his position as the representative to the World Trade Organization, while retaining his role as vice minister of commerce. This change aligns with Beijing’s strategy to adjust its trade diplomacy amid tensions.

Li Yongjie has been appointed as the new WTO representative. This team transition comes after scrutiny from U.S. officials and reflects China’s commitment to recalibrating its approach within the ongoing trade discussions.

The upcoming APEC summit will gather leaders from 21 economies, representing a significant portion of global GDP. It serves as a pivotal platform for dialogue, despite the backdrop of intensified trade negotiations.


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