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China And Russia Reaffirm Their Close Ties As Moscow Presses Its Offensive In Ukraine
BEIJING — On Thursday, Russian President Vladimir Putin and Chinese President Xi Jinping reiterated their “no-limits” friendship, which has expanded as both countries face mounting tensions with the West, and blasted US military deployments in Asia and the Pacific.
At their summit in Beijing, Putin hailed Xi for China’s recommendations to settle the conflict in Ukraine, which Ukraine and its Western allies have rejected as mostly adopting the Kremlin’s line.
Putin’s two-day state visit to one of his biggest allies and commercial partners comes as Russian forces launch an operation in northeastern Ukraine’s Kharkiv region, marking the most serious border incursion since the full-scale invasion began on February 24, 2022.
China claims to be impartial in the crisis, but it has supported the Kremlin’s accusations that the West led Russia into attacking Ukraine, and it continues to supply vital components required by Moscow for weapons manufacture.
Russian President Vladimir Putin and Chinese President Xi Jinping: Image AP
China And Russia Reaffirm Their Close Ties As Moscow Presses Its Offensive In Ukraine
China, which has not condemned the invasion, suggested a broad-based peace plan in 2023, calling for a cease-fire and direct talks between Moscow and Kyiv. Both Ukraine and the West rejected the idea because it did not call on Russia to vacate Ukraine’s occupied territories.
China also lent a verbal nod to Russia’s narrative about Nazism in Ukraine, with a joint statement issued Thursday saying Moscow and Beijing should protect the post-World War II order and “severely condemn the glorification of or even attempts to revive Nazism and militarism.”
Putin has claimed the “denazification” of Ukraine as a primary purpose of the military action, falsely referring to Ukrainian President Volodymyr Zelenskyy’s government as neo-Nazis.
The mostly symbolic and ceremonial visit emphasized cooperation between two countries facing challenges in their relations with the United States and Europe.
“Both sides want to show that despite what is happening globally, despite the pressure that both sides are facing from the U.S., both sides are not about to turn their backs on each other anytime soon,” said Hoo Tiang Boon, a Chinese foreign policy researcher at Singapore’s Nanyang Technological University.
While Putin and Xi stated they wanted to stop the war, they made no new ideas in their public remarks.
“China hopes for the early return of Europe to peace and stability and will continue to play a constructive role toward this,” Xi said in prepared remarks to the media in Beijing’s Great Hall of the People. His statements echoed China’s overarching peace initiative.
Earlier in the day, Putin was greeted in Tiananmen Square with military fanfare and cannon fire.
On the eve of his visit, Putin stated that China’s proposal may “lay the groundwork for a political and diplomatic process that would take Russia’s security concerns into account and contribute to achieving long-term and sustainable peace.”
Zelenskyy has stated that any negotiations must entail the restoration of Ukraine’s territorial integrity, the departure of Russian soldiers, the release of all captives, a tribunal for those responsible for the assault, and security assurances for Ukraine.
Putin Speaks: AP Image
China And Russia Reaffirm Their Close Ties As Moscow Presses Its Offensive In Ukraine
Putin said he would brief Xi on the situation in Ukraine, adding, “We appreciate the initiative of our Chinese colleagues and friends to regulate the situation.”
Following Russia’s latest attack in Ukraine last week, the war has reached a crucial point as Ukraine’s depleted military awaits new supplies of anti-aircraft missiles and artillery rounds from the United States, which have been delayed for months.
China and Russia’s joint statement also harshly slammed US foreign policy, citing US-formed alliances as having a “Cold War mentality.”
“Both sides expressed serious concern about the consequences caused to the strategic stability of the Asia-Pacific region by AUKUS,” according to the statement, referring to the acronym for Australia, the United Kingdom, and the United States.
China and Russia have accused the United States of installing land-based intermediate-range missile systems in the Asia-Pacific region under the guise of joint drills with allies. They claimed that the United States’ operations in Asia were “changing the balance of power” and “endangering the security of all countries in the region.”
The united declaration underscored China’s support for Russia.
“There’s so much Chinese falling over themselves to give Russia face and respect without saying anything specific, or committing to anything,” said Susan Thornton, a former diplomat and senior fellow at Yale Law School’s Paul Tsai China Center.
The meeting was another endorsement of China and Russia’s amicable “no limits” friendship, which they signed in 2022, just before Moscow invaded Ukraine.
Since then, Russia has been increasingly economically dependent on China since Western sanctions have limited its access to most of the global commercial system. China’s expanding commerce with Russia, which reached $240 billion last year, has helped the country buffer some of the worst effects of sanctions.
Moscow has transferred most of its energy exports to China and relied on Chinese enterprises to purchase high-tech components for Russian defense sectors to avoid Western sanctions.
Russian President Vladimir Putin and Chinese President Xi Jinping: Image AP
China And Russia Reaffirm Their Close Ties As Moscow Presses Its Offensive In Ukraine
“I and President Putin agree we should actively look for convergence points of the interests of both countries, to develop each’s advantages, and deepen integration of interests, realizing each others’ achievements,” added Xi.
Xi congratulated Putin on the start of his fifth term in office and commemorated the 75th anniversary of diplomatic relations between the former Soviet Union and the People’s Republic of China, which were formed after a civil war in 1949. In the March election, Putin eliminated all significant political opponents and faced no serious threat. He, like Xi, has not spelled out a succession strategy.
“In a famous song of that time, 75 years ago — it is still performed today — there is a phrase that has become a catchphrase: ‘Russians and Chinese are brothers forever,'” Putin stated.
During the war, Russia and China expanded their military ties. In recent years, they have conducted several cooperative war simulations, including naval drills and long-range bomber patrols over the Sea of Japan and the East China Sea. Russian and Chinese ground forces have also moved to the other country’s territory to conduct joint training.
China continues to be a major market for Russian military hardware, while the country’s defense industry is rapidly developing, including the production of aircraft carriers and nuclear submarines.
Putin has already stated that Russia has shared highly sensitive military technologies with China, considerably improving its defense strength.
SOURCE -(AP)
News
Canadian Man Arrested for TikTok Video That Threatened Trudeau
A TikTok video that went live earlier this week has led to a Toronto man facing charges of threatening Prime Minister Justin Trudeau and Deputy Prime Minister Chrystia Freeland. Andrew Marshall, 61, is facing two counts of uttering threats.
On Friday afternoon, the Ontario Court of Justice granted him bail with a surety and restrictions after the RCMP charged him on Wednesday.
Following Monday’s upload to TikTok, CBC Toronto conducted its own independent investigation of the video. Marshall vehemently opposes what he perceives as restrictions on free expression in Canada in it.
“I get them taken down all the time— I make videos — or all my comments, that are just simple comments,” Marsh says in the TikTok. “It’s just getting ridiculous, Marshall said.”
According to the CBC more and more people are threatening politicians. The commissioner of the RCMP has hinted that further measures may be necessary to ensure their safety.
In the TikTok video, Marshall explains in great detail how he would brutally assassinate Trudeau and Freeland “if it was up to him.”
Marshall attacks multiple groups throughout the roughly 11-minute TikTok video, including the media, Muslims, migrants, and the police who defend the government.
Among Marshall’s bail terms are the following: he must not communicate with Trudeau or Freeland; he must not use the internet to make social media posts or comments; he must not own any weapons; and he must not apply for a firearms permit.
During the bail hearing, the prosecution provided all of the evidence that is often not published.
Nate Jackson, Marshall’s attorney, stressed his client’s liberties and privileges as a Canadian in an email message.
“He has the right to freedom of speech, the right to reasonable bail and the right to a fair trial,” he said. “Having secured his release from custody, we will continue to defend Mr. Marshall’s Charter rights as his case proceeds.”
Neither Freeland’s nor the prime minister’s office would comment on the allegations, according to the CBC.
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Canada’s Unemployment Rate Hits its Highest Point Since 2017
As the job market remains dismal, the national unemployment rate in Canada has risen to its highest point since 2017. This has led some analysts to question whether the Bank of Canada should be reducing interest rates more quickly.
In spite of a net gain of 22,000 jobs, Statistics Canada reported on Friday that the unemployment rate increased to 6.6% from 6.4% the previous month. The rise was due to an uptick in part-time employment and a fall in full-time employment.
Outside of the pandemic years, the national unemployment rate has reached its highest position since May 2017, according to StatCan.
Rapid population expansion in Canada has increased the overall labour pool, but the country’s unemployment rate has persisted in rising.
The summer job market was especially tough for students, according to StatCan. Not including the pandemic, the unemployment rate among students going back to school in the autumn was 16.7 percent, which is the highest level since 2012.
Two days after the Bank of Canada dropped interest rates for the third time in a row, reducing borrowing costs to alleviate economic pressure, the most recent reading of the Canadian job market follows suit.
According to TD Bank economist Leslie Preston, who wrote a note on Friday, the central bank is “giving the OK” to keep dropping rates due to the bad August jobs report. Preston predicts two more quarter-point decreases at the remaining decisions this year.
According to CIBC senior economist Andrew Grantham, there are indications that the labour market is quickly contracting more than initially thought, since the unemployment rate is nearly two percentage points greater than the record low of 4.9% in June 2022.
“Due to this, we believe the Bank should be contemplating a quicker rate of reductions in order to bring interest rates to less restrictive levels,” he informed clients in a letter on Friday morning.
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US Job Growth Falls Short of Expectations: Economy Struggles Under High Interest Rates
Last month, job growth in the United States was weaker than predicted, prompting concerns that the world’s largest economy is beginning to struggle under the weight of increased interest rates.
The Labour Department said that employers added 142,000 jobs in August, which was less than the nearly 160,000 economists predicted. It also stated that job gains over the preceding two months were weaker than expected.
However, the jobless rate went down to 4.2%, down from 4.3% in July.
The report is one of the most important indicators of the US economy and arrives at a vital time, as voters consider presidential candidates for the November election and the US central bank contemplates its first interest rate decrease in four years.
Analysts said the latest statistics kept the Federal Reserve on pace for a rate drop at its meeting this month, but did little to answer worries about the trajectory of the US economy or how much of a cut it should make.
“There has rarely been such a make-or-break number; unfortunately, today’s jobs report does not completely resolve the recession debate,” said Seema Shah, chief global strategist at Principal Asset Management.
Soaring prices in 2022 caused the Federal Reserve to hike its key lending rate to 5.3%, a nearly 20-year high.
Faced with increased borrowing costs for homes, vehicles, and other debt, the economy has slowed, helping to alleviate pressures that were boosting inflation but exacerbating market concerns.
As inflation has fallen to 2.9% in July, the Fed is under pressure to decrease interest rates to prevent additional economic deceleration.
Although job increases in August fell short of expectations, they were greater than in July, when a slowdown aroused anxieties and triggered several days of stock market volatility.
Last month, construction and health-care firms hired the most, while manufacturing and retailers laid off employees.
Ms Shah stated that the data in Friday’s report was mixed, but provided enough concerning indicators that the Fed should make a larger cut.
“On balance, with inflation pressures subdued, there is no reason for the Fed not to err on the side of caution and frontload rate cuts,” she told reporters.
Others, however, felt the advances were just steady enough to warrant a 0.25 percentage point decrease, as markets had long projected – though this could signal more cuts than expected in the coming months.
Paul Ashworth, Capital Economics’ senior North America economist, predicted that the Fed’s decision will be “close run.”
“The labour market is clearly experiencing a marked slowdown,” he said, adding that the new statistics were “overall still consistent with an economy experiencing a soft landing rather than plummeting into recession”.
Concerns about the economy are a major issue in the US election.
According to polls, a majority of Americans feel the US is in a recession, despite healthy 2.5% growth last year.
Donald Trump has declared that the economy is headed for a “crash,” and his team instantly latched on the latest data to criticise Vice President Kamala Harris, publishing a press release titled “warning lights flash as Kamala’s economy continues to weaken.”
Democrats have defended their performance, claiming that the United States survived the pandemic and inflation better than many other countries.
They believe the slowdown is a sign that the economy is returning to a more sustainable rate of growth following the post-pandemic boom.
“Although hiring has slowed, the US job market continues to generate solid job gains and wage growth that is consistently beating inflation,” the White House Council of Economic Advisors stated in a blog.
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