He wrote thats despite us claims that china is providing vital war material to russia. President macron is expected to warn president xi against backing russia in the conflict. Lets speak to jonathan cheng, the china bureau chief for the wall streetjournal. Thank you forjoining us today, jonathan. Lets talk about the wider diplomacy first. President xi has been on somewhat of a diplomatic blitz recently, although usually receiving visitors rather than going abroad. How significant do you think this troop is . I how significant do you think this troop is . This troop is . I think its re this troop is . I think its pretty important this troop is . I think its l pretty important because, this troop is . I think its pretty important because, as you point out, he rarely leaves china these days and certainly during covid he didnt and this is one of his few trips outside and i think its significant because i think in beijing, they still see europe as potentially winnable, if you want to call
As a model of peaceful co existence. What does he want from the visit . Good morning and thank you for the invite. The Chinese Administration has a twofold agenda. Normalising the relationship with europe. Europe has lodged a sequence of blow with china and some practices of trade. And on the political side, with the ukraine and russia block and the European Countries are, lets say, quite upset by the fact that now some companies in china are supporting. , Russian Companies are supporting the russian war effort and this is clearly a problem. The second thing is clearly the huge and massive Trade Imbalance between europe and china which is something that the french president as pointed out as something that needs to be dealt with in the short term. figs needs to be dealt with in the short term short term. As we were mentioning short term. As we were mentioning and short term. As we were mentioning and you short term. As we were mentioning and you alluded to that, several European Count
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Analysts see limited initial market impact, but there is concern over the precedent, which other countries might follow in the future, negatively impacting equity risk premiums.