Commodities and Futures News

Central Asia leaders converge in China as Xi touts ‘enduring’ friendship

2023.05.18 01:45

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© Reuters. Chinese President Xi Jinping attends a meeting with Kazakhstan’s President Kassym-Jomart Tokayev, ahead of the China-Central Asia Summit in Xian, Shaanxi province, China May 17, 2023. REUTERS/Florence Lo/Pool

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By Andrew Hayley

XIAN, China (Reuters) -Central Asian heads of state converged in China’s historic city of Xian on Thursday for one-on-ones with Chinese leader Xi Jinping to seal pledges of “enduring” friendship, paving the way for a summit expected to result in a regional pact with Beijing.

The bilaterals set the stage for a group huddle on Friday, the first in-person gathering of the six leaders, where Xi will deliver an “important” speech, according to China’s foreign ministry. An “important” political document will also be signed.

Across the city of Xian, from where the ancient Silk Road linked imperial China with civilisations to its west over a millennium ago, banners, billboards and even taxi signs were set up to promote the summit, with many in both Chinese and Russian.

China is intensifying its economic and political engagement with the former Soviet states on Chinese soil as its ally Russia channels what remaining resources it has into the war in Ukraine.

The first head of state to arrive in Xian was President Kassym-Jomart Tokayev of Kazakhstan – China’s largest trading partner in Central Asia – with his face-to-face meeting with Xi on Wednesday ending with a deal to build “enduring friendship” and share “weal and woe”.

“We have a common goal – to intensify bilateral relations,” Tokayev told Xi.

“We are also united by the desire to strengthen regional and international security and cooperation.”

The two sides agreed to take measures to ensure the safe and stable operation of the Kazakh section of the China-Central Asia pipeline, and also deepen oil and uranium cooperation.

Setting the collaborative tone for other bilateral meetings – where China will seek deeper cooperation with other Central Asia states in its quest to achieve greater food, energy and national security – Kyrgyzstan’s President Sadyr Japarov told Xi that he was keen to deepen trade, economic and investment links.

“There are no political disagreements or unresolved issues between our countries,” Japarov said.

“We provide each other with support on topical, vital issues for each of our states.”

Two-way trade between China and Central Asia hit a record $70 billion last year, with Kazakhstan leading with $31 billion. Kyrgyzstan followed with $15.5 billion, Turkmenistan with $11.2 billion, Uzbekistan with $9.8 billion and Tajikistan with $2 billion.

Xi’s show of solidarity with Central Asia at the summit conspicuously coincides with a meeting of the Group of Seven leaders in Japan, where Beijing’s use of “economic coercion” in its dealings abroad is expected to be on the agenda.

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