PM Narendra Modi, Xi Jinping meet in Wuhan for 'heart-to-heart' summit

Agencies
April 27, 2018

Wuhan, Apr 27: Prime Minister Narendra Modi and Chinese President Xi Jinping on Friday exchanged views on "solidifying" the India-China relationship as they began an unprecedented two-day informal summit here during which they will have a series of one-on-one conversations focussing on bilateral, global and regional issues.

Prime Minister Modi who arrived here in the central Chinese city early today for the informal summit began talks soon after President Xi hosted a grand welcoming ceremony for him.

The summit in Wuhan - the favourite holiday spot of revolutionary Chinese leader Mao Zedong - is being seen as an effort by India and China to rebuild trust and improve ties that were hit by the 73-day-long Dokalam standoff last year.

"And the much awaited Informal Summit gets underway! PM @narendramodi warmly welcomed by Chinese President Xi on his arrival at Hubei Provincial Museum in Wuhan. The two leaders had a one-on-one meeting during which they exchanged views on solidifying our bilateral relationship," . Ministry of External Affairs spokesperson Raveesh Kumar tweeted.

Kumar said they will review the developments in the bilateral relations from a strategic and long-term perspective during their meetings.

Modi and Xi shook hands and posed for photographs before witnessing a cultural programme at Hubei Provincial Museum in Wuhan.

"PM @narendramodi was welcomed at the Hubei Provincial Museum with an impressive cultural performance. India and China cultural connect go back many centuries and is reflected in present times through the popularity of Bollywood, Yoga and other aspects of Indian culture," Kumar tweeted.

During their one-on-one coversation, Modi told Xi that when he was the Gujarat chief minister, he had an opportunity to visit Hubei Province on a study tour to learn about the Three Gorges Dam.

"The speed with which you constructed this dam and its scale inspired me. So I came on a study tour and spent a day at dam," Modi said.

As the world's largest hydropower project, the Three Gorges project is a multifunctional water control system on the mighty Yangtze river. It comprises a dam stretching 2,309 meters long and 185 meters high, 32 hydropower turbo-generators, a five-tier ship lock and ship lift system.

The two leaders later visited an exhibition of Marquis Yi of Zeng Cultural Relics & Treasure at the Hubei Provincial Museum.

"Spending time together! In a special gesture, Chinese President Xi took PM @narendramodi on a tour of the exhibition of Marquis Yi of Zeng Cultural Relics and Treasure displayed at the Hubei Provincial Museum," Kumar tweeted.

The museum has a large number of state-level historic and cultural relics.

Officials said Modi and Xi would focuss on global, regional and bilateral issues.

The two leaders will later hold delegationb-level talks accompanied by six top officials from each side. The two leaders will have one-on-one dinner at a state guest house by the famous East Lake.

They will resume their one-on-one interaction tomorrow at 10 a.m (local time) with walks by the lake side, boat ride and wind up their talks over lunch, official sources here said.

The two leaders began their informal meetings way back in 2014 when Xi was hosted by Modi at the Sabarmati Ashram of Mahatma Gandhi in Gujarat. They have met and interacted with each other in about a dozen international meetings since then.

But this will be their "heart-to-heart" informal summit. There will be no agreement signed or a joint statement issued.

It is a summit, according to the officials, to forge consensus to resolve the issues with follow up actions by officials than announcing any agreements. This is something the leaders of the two countries have never tried so far, they said.

This is fourth visit of Modi to China after he came to power in 2014. He is again due to visit China to take part in the SCO summit to be held at Qingdao city on June 9-10.

China's state media said the informal Xi-Modi meeting heralds new chapter in Sino-Indian relations, an article in the state-run Global Times said.

"The Xi-Modi meeting in 2018 following the 2017 Dokalam standoff will without doubt promote mutual trust and reciprocity between the two countries, and will be a cornerstone of a stable long-term relationship between China and India," the article said.

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News Network
July 27,2020

Tokyo, Jul 27: Gold hit an all-time high on Monday as tit-for-tat consulate closures in China and the United States rattled investors, boosting the allure of safe-haven assets, although sentiment was mixed with tech gains supporting some Asian stocks.

MSCI's ex-Japan Asia-Pacific index rose 1.3 percent as Taiwan's TSMC, Asia's third-largest company by market capitalisation, rose almost 10 percent.

The chipmaker's gains boosted other tech stocks in the region and came after rival Intel signalled it may give up manufacturing its own components due to delays in new 7-nanometer chip technology.

Also soothing sentiment, Chinese shares eked out gains after big falls late last week, with CSI300 index rising 0.5 percent.

S&P500 futures were last up 0.4 percent in choppy trade while Japan's Nikkei fell 0.5 percent, resuming trade after a long weekend and catching up with falls in global shares late last week.

Global shares had lost steam last week after Washington ordered China's consulate in Houston to close, prompting Beijing to react in kind by closing the US consulate in Chengdu.

US Secretary of State Mike Pompeo took fresh aim at China last week, saying Washington and its allies must use "more creative and assertive ways" to press the Chinese Communist Party to change its ways.

"US President (Donald) Trump used to say China's President Xi Jinping is a great leader. But now Pompeo's wording is becoming so aggressive that markets are starting to worry about further escalation," said Norihiro Fujito, chief investment strategist at Mitsubishi Securities.

Gold rose 1.0 percent to a record high of $1,920.9 per ounce, surpassing a peak touched in September 2011, as Sino-US tensions boosted the allure of safe-haven assets, especially those not tied to any specific country.

The yellow metal is also helped by aggressive monetary easing adopted by many central banks around the world since the pandemic plunged the global economy into a recession.

Some investors fret such an unprecedented level of money-printing could eventually lead to inflation.

MORE STIMULUS

Hopes of a quick US economic recovery are fading as coronavirus infections showed few signs of slowing.

That means the economy could capitulate without fresh support from the government, with some of earlier steps such as enhanced jobless benefits due to expire this month.

Investors hope US Congress will agree on a deal before its summer recess but there are some sticking points including the size of the stimulus and enhanced unemployment benefits.

US Treasury Secretary Steve Mnuchin said the package will contain extended unemployment benefits with 70 percent "wage replacement".

Democrats, who control the House of Representatives, want enhanced benefits of $600 per week to be extended and look to much bigger stimulus compared with the Republicans' $1 trillion plan.

Investors are looking to corporate earnings from around the world for hints on the pace of recovery in the global economy.

"It looks like rising coronavirus cases are starting to slow down recovery in many countries," said Masahiro Ichikawa, senior strategist at Sumitomo Mitsui DS Asset Management.

Concerns about the US economic outlook started to weigh on the dollar, reversing its inverse correlation with the economic well-being over the past few months.

The dollar index dropped 0.3 percent to its lowest level in nearly two years.

The euro gained 0.3 percent to $1.1693, hitting a 22-month high of $1.16590 as sentiment on the common currency improved after European leaders reached a deal on a recovery fund in a major step towards more fiscal co-operation.

Against the yen, the dollar slipped 0.5 percent to 105.605 yen, a four-month low while the British pound hit a 4 1/2-month high of $1.2832.

Oil prices dipped on worries about the worsening Sino-US relations.

Brent futures fell 0.46 percent to $43.14 per barrel while US crude futures lost 0.44 percent to $41.11.

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Agencies
May 30,2020

Washington, May 30: US President Donald Trump on Friday said that America is terminating its relationship with the World Health Organization as he blamed it and China for the deaths and destruction caused by the COVID-19 pandemic across the globe.

Stating that the funding of the WHO would now be diverted to other global public health organisations, Trump announced a series of decisions against China including issuing proclamation to deny entry to certain Chinese nationals and tightening of regulations against Chinese investments in America.

"Because they (WHO) have failed to make the requested and greatly needed reforms, we will be today terminating our relationship with the World Health Organization and redirecting those funds to other worldwide and deserving urgent global public health needs, Trump said.

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News Network
July 6,2020

Beijing, Jul 6: A city in northern China on Sunday sounded an alert after a suspected case of bubonic plague was reported, according to official media here.

Bayannur, Inner Mongolia Autonomous Region, announced a level III warning of plague prevention and control, state-run People’s Daily Online reported.

The suspected bubonic plague case was reported on Saturday by a hospital in Bayannur. The local health authority announced that the warning period will continue until the end of 2020.

"At present, there is a risk of a human plague epidemic spreading in this city. The public should improve its self-protection awareness and ability, and report abnormal health conditions promptly,” the local health authority said.

On July 1, state-run Xinhua news agency said that two suspected cases of bubonic plague reported in Khovd province in western Mongolia have been confirmed by lab test results.

The confirmed cases are a 27-year-old resident and his 17-year-old brother, who are being treated at two separate hospitals in their province, it quoted a health official as saying.

The brothers ate marmot meat, the health official said, warning people not to eat marmot meat.

A total of 146 people who had contact with them have been isolated and treated at local hospitals, according to Narangerel.

Bubonic plague is a bacterial disease that is spread by fleas living on wild rodents such as marmots. It can kill an adult in less than 24 hours if not treated in time, according to the World Health Organization (WHO).

A couple died of bubonic plague in the western Mongolian province of Bayan-Ulgii last year after eating raw marmot meat.

The news of bubonic plague came after Chinese researchers issued an early warning over another potential pandemic caused by an influenza virus in pigs.

Scientists from China Agricultural University, the Chinese Centre for Disease Control and Prevention and other institutes detected a pig influenza virus bearing genotype 4 (G4), which is contagious among pigs and has the possibility of jumping to humans, as the G4 virus is able to bind with human cells, state-run Global Times reported last week.

The researchers are concerned that it could mutate further so that it can spread easily from person to person, and trigger a global outbreak, BBC reported.

"Controlling the prevailing G4 EA H1N1 viruses in pigs and close monitoring in human populations, especially workers in the swine industry, should be urgently implemented," Chinese researchers warned in the paper.

The new diseases were reported even as China grappled with the second attack of Covid-19 in Beijing after controlling it in Wuhan where it was first reported in December last year.

On Saturday, Beijing reported a single-digit Covid-19, local authorities said Sunday.

The number of newly confirmed Covid-19 cases reached a peak in Beijing on June 13 and 14 and then started declining in general, Xinhua quoted local officials as saying.

From June 11 to July 4, the city reported 334 confirmed locally transmitted cases, 47 per cent of whom are workers of the Xinfadi wholesale food market, the official said.

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