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'Modi, Xi may discuss US' trade protectionism'

BEIJING: Describing Prime Minister Narendra Modi and President Xi Jinping as "good friends", China on Monday was hoping that the two leaders would speak about their respective trade frictions with the USA and reach a consensus on opposing trade protectionism all through their "very important" assembly this week at the sidelines of the SCO summit in Bishkek.

This year's summit of the Shanghai Cooperation Organisation (SCO) will likely be held within the Kyrgyz capital of Bishkek on June 13-14 where Modi and Xi are scheduled to meet and speak about bilateral and international problems.

The assembly assumes significance as this is the primary assembly between the two leaders after Modi-led BJP's huge victory within the contemporary elections in India.

Xi had congratulated Modi on his re-election through a letter on May 23.

"Once again we congratulate Prime Minister Modi. President Xi and Prime Minister Modi are good friends. They had very successful informal summit at Wuhan last year," Chinese Vice Foreign Minister Zhang Hanhui informed a media briefing here answering a question at the Modi-Xi assembly.

He mentioned the Wuhan summit has provided strategic steering for the advance of India-China ties, paving the best way for solid expansion of China-India members of the family in the end.

The April 27-28 Wuhan summit between Modi and Xi used to be in large part credited to have grew to become across the bilateral members of the family soured by means of the 73-day Doklam standoff in 2017, prompted by means of Chinese troops' attempt to construct a highway with regards to the Indian border in a space additionally claimed by means of Bhutan.

After the Wuhan summit, each the international locations stepped up efforts to give a boost to members of the family in different spheres including the military-to-military ties. When requested in regards to the assembly between the two leaders at the sidelines of the SCO summit, Zhang mentioned, "While the details for the meeting are under discussion, I believe every bilateral meeting between President Xi and Prime Minister Modi is very important. From the Chinese side, we will make good perpetrations for the success of bilateral meeting."

He additionally mentioned the China-US trade conflict and the "spectre" of rising trade frictions between the USA and India may turn into necessary part of the discussions between the two leaders.

"Whether they will talk about trade fictions between China and the US and the spectre of trade frictions between the US and India, such things are not surprising. I believe this could become an important topic in his bilateral meetings with the related leaders," he mentioned.

The two international locations have been in an escalating battle over trade for the previous year. The scope of the fight has expanded in contemporary months as Washington has tightened trade restrictions on Chinese telecoms large Huawei.

Hopes for an forthcoming trade deal have been shattered in May after the Trump management more than doubled tariffs on $200 billion of Chinese imports and threatened further tasks.

US President Donald Trump is challenging China to reduce huge trade deficit which final year climbed to over $539 billion. He is also insisting on China to exercise verifiable measures for the safety of highbrow property rights (IPR), era switch and more get admission to to American items to the Chinese markets.

Chinese officers hope that India, which is also facing trade frictions with the USA specifically over termination of its designation as a 'beneficiary creating country' below the Generalised System of Preferences (GSP), would join the combat in opposition to Trump's protectionist policies.

"Trade protectionism and unilateralism are very much on the rise. How to respond to the bullying practices of the US, its practice of trade protectionism this is an important question not only to China, but also has direct bearing on the recovery of global economy," Zhang mentioned.

"So I would say it will be helpful if the two leaders could exchange views and we hope their communication will lead to extensive consensus on upholding justice and opposing trade protectionism," he mentioned.

"I hope with their cooperation, the two countries will not only enhance bilateral trade but also play an important role in promoting global economy," he mentioned.

Xi will alternate views with his foreign opposite numbers on bilateral and international problems as well, he mentioned.

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