Putin heads to Beijing days after Trump in test of China's balancing act
Putin is visiting Beijing shortly after Trump's trip, highlighting China's role in global diplomacy. Moscow has reduced its growth forecast due to the impact of the Ukraine conflict and U.S. sanctions. The Russian delegation aims to strengthen bilateral cooperation, while the U.S. is wary of any significant support China may provide to Russia.
- ▪Moscow has cut its growth forecast for the year to 0.4% from 1.3% due to economic challenges.
- ▪Putin's visit is seen as an effort to reassure Russia's strategic partnership with China amid U.S. relations.
- ▪Trump's recent visit to China resulted in significant agreements, contrasting with the more practical nature of Putin's trip.
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Moscow slashed its growth forecast for this year to 0.4% from 1.3% as its economy reels from Ukrainian attacks on oil infrastructure and export terminals that underpin Russian war financing and the uncertainty over the future of U.S. sanctions waivers. Putin will seek reassurance that any improvement in China's ties with Washington will not alter the "strategic triangle" that keeps China and Russia closer than either is with the U.S., said Dennis Wilder, a former U.S. intelligence official and professor at Georgetown University. Trump's visit last week featured a lavish state banquet and yielded several deliverables, including $17 billion in annual agricultural purchases through 2028, a 200-aircraft Boeing order, and a September meeting by the Chinese leader in Washington.
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