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China, Russia agree to strengthen strategic consultation, cooperation

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      China

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      China, Russia agree to strengthen strategic consultation, cooperation

      2024-09-11 10:54 Last Updated At:16:57

      China is willing to strengthen strategic communication with Russia and continuously enrich the strategic connotations of bilateral ties, Wang Yi, director of the Office of the Central Commission for Foreign Affairs, said at a meeting with secretary of the Russian Federation Security Council Sergei Shoigu in St. Petersburg on Tuesday.

      At the meeting, Wang, also a member of the Political Bureau of the Communist Party of China Central Committee, noted that in face of unprecedented changes in a century, the stable and healthy development of China-Russia relations is fundamentally due to the guidance of the two countries' heads of state.

      This year, based on the new starting point of the 75th anniversary of the establishment of diplomatic relations between China and Russia, the two sides have maintained exchanges at all levels, implemented important consensus reached by the heads of state of the two countries, and further consolidated the political and social foundation of China-Russia eternal good-neighborliness and friendly relations, comprehensive strategic cooperation, and mutually beneficial cooperation for win-win outcomes, Wang said.

      He stressed that China is willing to strengthen strategic communication with Russia, give full play to the role of the China-Russia strategic security consultation mechanism and the BRICS Meeting of High Representatives on National Security mechanism, and continuously enrich the strategic connotations of China-Russia relations.

      Meanwhile, Wang said that China supports Russia's work as the rotating chair of BRICS and is willing to join hands to deepen mutual trust and cooperation among BRICS countries, to shape the BRICS mechanism into a major channel for emerging powers to make their voices heard and an important platform for solidarity and cooperation of the "Global South" and to continuously open up new situations in "BRICS+" cooperation.

      For his part, Shoigu stated that high-level exchanges between Russia and China and fruitful cooperation in various fields have highlighted the high level of Russia-China strategic cooperation.

      He thanked China for the support of Russia as the rotating chair of BRICS and expressed Russia's willingness to continue strengthening strategic communication with China, closely coordinating cooperation, and ensuring the success of the BRICS leaders' summit in Kazan next month.

      At the meeting, both sides expressed their commitment to advocating and practicing true multilateralism.

      The Russian side emphasized its support for China's role as the rotating chair of the Shanghai Cooperation Organization (SCO), striving to make the SCO more efficient and pragmatic, and more cohesive, and inject more stability into a world entangled in chaos.

      The two sides also exchanged views on the Ukraine crisis.

      Shoigu explained Russia's position, saying Russia welcomes the "six-point consensus" jointly proposed by China and Brazil, and is pleased to see this consensus widely recognized by the international community.

      Wang stated that China has always maintained an objective and fair attitude on the Ukraine issue and will continue to commit to increasing the voice of balance, objectivity, and rationality in the international community, to gather more international consensus and accumulate necessary conditions for an early ceasefire and a political resolution to the crisis.

      China, Russia agree to strengthen strategic consultation, cooperation

      China, Russia agree to strengthen strategic consultation, cooperation

      China, Russia agree to strengthen strategic consultation, cooperation

      China, Russia agree to strengthen strategic consultation, cooperation

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      Global trade hits record 33 trillion USD in 2024: UN report

      2025-03-16 13:39 Last Updated At:14:07

      Global trade hit a record 33 trillion U.S. dollars in 2024, marking a 3.7-percent increase from 2023, showed a report released Friday by the United Nations Trade and Development (UNCTAD).

      The growth was driven by services, which rose 9 percent and accounted for nearly 60 percent of the total growth, the Global Trade Update report says, adding that trade in goods grew 2 percent.

      Developing economies outpaced developed nations in 2024, with imports and exports rising 4 percent for the year and 2 percent in the fourth quarter.

      Foreign trade of China and India both showed strong growth momentum in the fourth quarter of 2024, the report says.

      Meanwhile, developed economies' trade stagnated, with imports and exports flat for the year and down 2 percent in the last quarter, it says.

      The report highlights mounting geoeconomic tensions, protectionist policies and trade disputes that could disrupt trade ahead, despite signs of trade stability in early 2025.

      The report calls for efforts to prevent the formation of isolated trade blocs and avoid undermining long-term growth by properly managing policy shifts.

      Global trade hits record 33 trillion USD in 2024: UN report

      Global trade hits record 33 trillion USD in 2024: UN report

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