China's Xi plans to meet Putin on visit to Russian port city

FILE - In this July 26, 2018, file photo, China's President Xi Jinping, left, poses with Russia's President Vladimir Putin for a photo at the BRICS summit in Johannesburg, South Africa. China’s foreign ministry said Friday, Sept. 7, 2018, Xi will meet with Putin on Sept. 11 and 12 in a sign of strengthening ties between the two Asian giants. (Alexei Nikolsky, Sputnik, Kremlin Pool Photo via AP, File)

China's President Xi Jinping meeting with Russian President Vladimir Putin next week in a sign of strengthening ties between the Asian giants.

BEIJING — Chinese President Xi Jinping will meet with Russian President Vladimir Putin next week in a sign of strengthening ties between the two Asian giants.

The summit will take place during Xi's working visit to Russia's far-eastern port city of Vladivostok on Tuesday and Wednesday, the Chinese foreign ministry said Friday. It will be the first time a Chinese head of state has attended the Russian-hosted Eastern Economic Forum, a gathering Moscow hopes will encourage investment in its thinly populated far-east.

Xi's visit is a sign of healthy ties between China and Russia that have been cemented by joint military exercises and coordination on foreign policy issues from Syria to North Korea. China this month is sending 3,200 troops and about 900 weapons units to take part in the biggest Russian military exercises since the Cold War.

The visit also comes as China is reaching out to trade partners amid a tariff war with the United States. Russia has in recent years surpassed Saudi Arabia as China's largest source of crude oil and Beijing also imports Russian gas and military equipment.

Russia and China have responded to the U.S. national security strategy describing them as America's top adversaries by vowing to further expand their economic, political and military cooperation. They have also sought to strengthen the Shanghai Cooperation Organization, a regional grouping they created and which holds occasional defense exercises.

The relationship is driven in part by the warm ties between Putin and Xi, seen as the most powerful Chinese leader since Mao Zedong. The two have met 25 times — five times last year alone, according to Putin's foreign affairs adviser, Yuri Ushakov. Putin's visit begins on Friday.

You may also like these

Asian markets lower after Wall Street decline

Sep 15, 2016

Asian stock markets were mostly lower Thursday following Wall Street's decline in light trading...

Asian stocks rise after Wall Street gains

Dec 21, 2016

Asian stocks are higher after U.S. stocks rose to record levels despite attacks in Germany and...

China begins to ease its 2,000-year-old monopoly...

Jan 3, 2017

China has started an overhaul of its salt industry, easing a monopoly that has existed in some form...

DEA opens shop in China to help fight synthetic...

Jan 6, 2017

The U.S. Drug Enforcement Administration plans to open a new office in southern China and, at...

Choked by smog, Beijing creates new environmental...

Jan 8, 2017

Officials in Beijing have announced a new environmental police squad to root out illegal burning in...

Sign up now!

The Financial Capital is your independent source for finance information and advice. We provide insights and offer advice from financial experts so you can make the best decisions.

Contact us: sales[at]thefinancialcapital.com