Chinese Leader: Trade War and Xi Returns

chinese leader: On Friday, Xi returns to the SCO under markedly different circumstances, according to CNN. Now more than ever, the Chinese leader will need to solidify ties with allies amid an escalating trade war with President Donald Trump's administration and a slowing domestic economy. Less than one week later, however, the United States imposed its first tariffs on tens of billions of dollars of Chinese goods, kicking off what would become a raging global trade war between the world's two largest economies. In the Kyrgyzstan capital Bishkek, Xi is expected to meet with his best and bosom friend Russian leader Vladimir Putin and a newly reelected Indian Prime Minister Narendra Modi, fresh from his landslide victory in May. It gives all those countries an opportunity to see if they can actually get something out of the Chinese, said Steve Tsang, director of the China Institute at SOAS University of London. Read More While it's reasonable to think Xi will be seeking their endorsement and support, China's relatively diminished position also increases the bargaining power of the SCO's other participants. (news.financializer.com). As reported in the news.