BEIJING: Despite global trade turmoil caused by Trumpian Tariffs, China has proclaimed on Wednesday (14th Jan) a trade surplus of $ 1.2 Trillion for the year 2025 (that happens to be the biggest-ever reported in the world).
It is pertinent to mention here that in the month of April (2025), US President Donald Trump had imposed tariffs on 90 countries.
Indian Prime Minister Narendra Modi, while visiting China for the first time in seven years, met the host of 2-day Shanghai Cooperation Organisation (SCO) summit President Xi Jinping on the sidelines here on 30th August.
The duo (representing 2.8 billion people) maintained that there was now deepening trust between the two countries. While, Modi (whose country had been slapped on 27th August by Trumpian Tariffs) said that there was now an atmosphere of peace and stability between China and India, Xi held that they should be partners, not rivals. Xi stated in his opening remarks: “The world today is swept by once-in-a-century transformations…
“The international situation is both fluid and chaotic…It is the right choice for both sides to be friends who have good neighbourly and amicable ties, partners who enable each other’s success, and to have the dragon and the elephant dance together…As long as they adhere to the overall direction of being partners rather than rivals … China-India relations can maintain stability and move forward over the long run.”
Meanwhile, Beijing had also unfurled red carpet for Russian President Vladimir Putin at Shanghai Cooperation Organisation summit, that was attended by twenty countries who pondered over regional security and trade issues against the backdrop of Trumpian Tariffs.
PS: SCO harbors ten member states (Belarus, China, India, Iran, Kazakhstan, Kyrgyzstan, Pakistan, Russia, Tajikistan, Uzbekistan); two observer states (Afghanistan, Mongolia); fourteen dialogue partners (Armenia, Azerbaijan, Bahrain, Cambodia, Egypt, Kuwait, Maldives, Myanmar, Nepal, Qatar, Saudi Arabia, Sri Lanka, Turkiye, United Arab Emirates); four guest attendees (ASEAN, CIS, Turkmenistan, UN).
Newspakistan.tv
