Home' Trinidad and Tobago Guardian : February 5th 2015 Contents BG18 INTERNATIONAL
BUSINESS GUARDIAN www.guardian.co.tt FEBRUARY 2015 • WEEK ONE
Chinese President Xi Jinping on Monday hailed
his country s relations with India and Russia
during meetings that heard calls for developing
economies to have more say on the global stage,
rivalling US influence.
The twin visits by New Delhi s foreign minister Sushma Swaraj
and Sergei Lavrov from Moscow come on the heels of a high-
profile trip to India by US President Barack Obama last week,
and with Russian leader Vladimir Putin globally isolated over
the conflict in Ukraine.
Under Xi, China has been pursuing a bigger say in the global
economy, winning support in November from Asia-Pacific
economies for a roadmap for a vast new free trade area that
could rival US plans for the region.
China is also aiming to set up an Asian infrastructure lender
seen as a counterweight to Western-backed international devel-
opment banks, and has backed plans to reform the International
Monetary Fund that would give emerging economies a greater
say in the institution.
Following the foreign minister s meetings in Beijing, Swaraj
said: "We have shared interests in governance reform of the
international financial system."
Chinese foreign minister Wang Yi added: "We call for the
improvement of global economic governance and to increase
the voice and representation of developing countries."
Xi had earlier told Swaraj that China-India ties "have entered
a new stage of growth" since he visited in September.
"The positive side of China-India relations has been growing,
the momentum of our cooperation has been strengthening,"
Ties between the nuclear-armed neighbours are still char-
acterised by mutual suspicion, in large part as a legacy of a brief
but bloody war in 1962 and a continuing border dispute.
But Swaraj was similarly effusive, telling Xi that "relations
between our two countries have risen to a whole new level".
The Indian and Russian ministers trips to Beijing---for a
three-way meeting with their Chinese counterpart---comes
on the heels of Obama s high-profile trip to India that was
aimed at bolstering ties between Washington and New Delhi
and their shared interest in curbing Beijing s growing regional
Although neither mentioned China by name during the
three-day visit, Obama welcomed what he called a "greater
role for India in the Asia-Pacific".
Indian Prime Minister Narendra Modi is widely seen as
taking a more assertive line towards Beijing than the previous
government, but is still expected to take care to not alienate
China, whose investment he needs as he tries to boost India s
Swaraj on Sunday announced that Modi will visit China in
To Lavrov, meanwhile, Xi expressed his satisfaction with China-
Beijing and Moscow, allies and then adversaries during the Cold
War, have found common ground internationally and often take
similar stands at the UN Security Council where they have per-
manent veto powers.
They have also forged increasingly closer economic ties as China
is hungry for the vast hydrocarbon resources of Russia, which is
seeking stable markets as it has felt the bite of Western sanctions
over its annexation of Crimea and fighting in eastern Ukraine.
"Over the past year, we have together been advancing the devel-
opment of the overall strategic relationship between China and
Russia," Xi said.
"Our joint efforts have yielded rich results... our cooperation
grows ever deeper," he added.
Lavrov pointed out that Xi and Putin met five times last year.
"The consensus reached at the highest level between the two
leaders has played an extremely important role in pushing the
development of relations in the right direction," he said.
China has expressed support for Russia amid its economic crisis
and is careful to avoid criticising the country over the conflict in
Ukraine, consistently calling on all sides to reach a political set-
Calls for louder global voice
...as China, India, Russia meet
Russian Foreign Minister Sergey Lavrov, left, with
Chinese Foreign Minister Wang Yi, and Indian
Foreign Minister Sushma Swaraj shake hands
together as they pose for photographers before
the meeting of the Foreign Ministers of China,
Russia and India at Diaoyutai State guesthouse in
Beijing Monday, February 2, 2015. (AP)
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