being representative of the reality of the don't and also therefore being more effective in resolving issues that ensuring piece of the world ah, chinese president shooting, paying a set to visit moscow on his 1st international trip following the election. a significant step in strength relations between china and russia to switzerland's biggest bang, cbs and credit suisse are installed to merge as the contagion from the recent banking collapse. nearest spreads internationally. also this hour as i didn't see any issues that would prevent normalization of the relationship across investments, etc. and saudi arabia says the path is clear to restore bilateral ties with iran. that's following a deal broken by china,

which brought the 2 former rivals parts together with the sunday. and that means it's the weekly here on our t international. monday's just gotten here, some of the top stories from the week just calling thanks for joining us. now it's official cheating. ping is set to visit moscow and meets with ladyman fruits. in on monday, the 2 leaders will have a range of issues to discuss from the growing russian chinese strategic partnership to the war. and ukraine. officials say there will be a number of bilateral agreements signed during the visits with more details to follow. the chinese leaders pond visits was widely covered, unsurprisingly in the western media. beijing says the partnership is mutually beneficial and is not aimed at any 3rd party in particular. should you meet with your gentry? you president, seizing ping state visit to russia will be a journey of peace practice. true multilateralism based on the principles of non ally, non confrontation,

and non targeting of 3rd parties promote the democratization of international relations build a multi polar world pattern, improved global governance and contribution to world development. china will uphold an objective and impartial position on the ukraine crisis and play a constructive role in persuading and promoting peace talks. the development of strategic cooperative partnerships between china and russia, benefits both the people of the 2 countries and the world. this differs from the practice of some countries holding the cold war mindset, forming cliques everywhere, engaging in confrontation, building small circles and camps, and had gemini and bullying everywhere. china's foreign ministry also said that this is going to be a meeting a piece that's because basing is ready to play a constructive role in regulating the ukraine conflict. and we also heard from that foreign ministry of china that there, that beijing is also looking to basically grounds these talks in the principles of

non confrontation with 3rd parties. so that's all among other topics on the agenda, including questions of international and regional importance as well. as strengthening the strategic cooperative partnership between these 2 countries. now it's also important to understand that these talks are, have just been announced on the backdrop of the marine security belt joint naval exercises which are between china, russia and iran. and these have been taking place in the gulf of all mon since march 15th. so it represents another frontier of developing cooperation between these 2 countries in this situation, specifically naval and military cooperation. to discuss this further, let's cost life now to young way, way dean of the china institutes. food on university. and he's joining us live from beijing. thanks very much for joining us this afternoon. jack way way it's very good to have you on the program. now i'll start off with pleasure. i'll start off

with the news that overseer, the chinese leader, shooting pink, will be visiting moscow in his 1st overseas trip since reelection. what does this tell us about the state of relations between russia and china? it shoes, the chinese leader, she jim ping, attaches great importance to the signer russian strategic partnership. and her as you know, we are in the world of uncertainty and even chaos. but a good and consolidated sign. new russian partnership will be a force of certainty in getting to this world of uncertainty. furthermore, both china and russia now also call themselves the civilization of states and is the leaders of to great civilizations. where is the meet shows are. the chinese are happy. you rush anxiety when there certainly are. now during the year during

this visit, the anticipated several agreements between moscow and beijing will be signed. obviously neither of us can can beat into the future. but what can you tell us about the, the main areas of strategic interest between these 2 countries and the, when we use the term strategic partnership, it means a comprehensive and long term. it means a lot of political trust between the 2 countries and their leaders and the r p pose . so while we talk about the comprehensive, you name it political, economic, or technological, financial and other domains where we have common interests. even in the field of security as managing the news while we'll have military joint drills, et cetera. so it's really important

a part of the global strategic balance. that's really the weight of the 2 major country, like china. russia can play now sized between moscow and beijing only, but it seems have grown stronger since the start of the war in ukraine. why do you think that, that china hasn't joined in, you know, the western sanctions, in many attempts by other countries to isolate mosque or why? why does it seem to go on the opposite way? if anything essentially what you observe, what has happened is the russia had been isolated by the west, but the west has being isolated by the rest. and the rest of course, a china is a major player in this particular rest group. now obviously, you know, indeed a particular millage operation by russia. ukraine is controversial or even very

controversial. yet, russia's professed objective to change the unipolar world order into a multi polar world order. this position is widely's, ported, or at least understood by the rest. so that's important. in china, i was a, she had this v will have to change. and before this kind of unfair and unjust unipolar world. so do you, do you really think we are seeing a shift now attack sonic geopolitical, global shift in, in power and politics from from a uni paul. it's a more multi polar world at the moment. yeah. it's actually happening every day. you know, you can see very clearly if you look at the figures now internal population,

which is understandable and the rest represents 80 percent of wards population. if look at economic power, the rest, roughly 70 percent of whoa the economy. and there, you know, you look at the, what's going on in latin america, mainly left leaning governments. i in power against the u. s. he, germany, in africa, people talking about the looking east in middle east, china, just so you know, made kind of a piece initiative and reached between iraq and saudi arabia broke by china, which are all signed stature. the wesson power is declining, even declining, faster than many people predicted. you look at the banking crisis, united states, you're in quite a swiss, etc. yeah. no, it's,

it's obviously no secret that russia has become, has the dubious tides. they've been the most sanctioned country in the world. in your opinion, jang way, way. what effect do you think the sanctions of had both on russia as well as the countries imposing them? well, i would say, you know, russia handle this or impose the sanction. there was a well skilfully and the, i think this a rule bow for natural gas deal. this is a very inspiring to many. now, western countries who are fed up with the u. s. a weapon is each of us dollars and the financial weapons and her and also, you know, if we look at the russia economy, usually in the west, the look at the rush is called me. the e u. s. dominated, yes,

dollar dominated g p. a. if i look at purchasing power parity rush is called me, much bigger than it appears to be. it's almost close to the size of germany economy if it's a calculate by a pac purchasing power parity. so if the rest of the world continue to trade, the ways russia and china continued to trade with russia, ice in the sanction will not work. and to what extent you think china has benefited from these western companies seething business with russia with china, be able to move in and fill the gap in the market. and obviously, russia is now re direct in its oil and gas supplies towards china, towards india. house china benefited economically from these sanctions. the char, there, russia have for dessert, strategic, strategic partnership for already many years. and we have,

are already the 2 leaders she keeping and the vladimir putin have always provided the guidance at st. you level macro level for the cooperation between 2 sites, especially in the economic and other domains. and as a result, when the sanctions by the west are imposed on russia with chinese opposed to it. it's only natural that russia needs all kinds of goods and china can provide. in fact, the china, the major surprise or consumer goods anywhere and the china now the largest of manufacturing power. it's the manufacturing power is bigger than the combine them manufacturing power of the west. so naturally, china can offer high quality goods and her, which russian needs other countries needs. so this is about the trade. it's only

normal and natural gas. now, given china's closeness with russia, despite the war in ukraine, is just trying to concerned that the country itself will be sanctioned. indeed, i believe the u. s. has sanctioned a few chinese firm that he claims and supplied ship ships to, to, to, to, to russia. or do you think it's given the fact that china is such a manufacturing power house supplying the world? the thing is basically impossible to source late china such a way herb, basically these i states, years, there was a, some poor called the civil court applying the same kind of sanction from hell, the, to russia and to china. and earn perhaps it would be much more difficult with regard to china because china is, in fact, the largest economy by purchasing power parity. things are 2014. so since now

years is really the largest economy and sort of the largest trading nation. it's also in the cutting edge of new technologies in many ways of doing better day united states channels as the world's largest middle cross real middle class where the good the nasty they also middle class. so there's no way to a sanction this kind of country in such a scale as against russia. for instance, if z say we bear in chinese or china or chinese companies to use a swan, swift unfree the know the, the larger trading nation. so we're have to have this a, i m b channel currency for chinese goods. so the dollar paps will collapse over night where it will indeed that there is a general move among many countries to do trade in their own countries. now including russia and china with your you on and the rouble. um,

do you think this has been caused by the threats of sanctions unconscious looking to isolate and protect themselves from that threat? i think this sir trade in local currency in between china, russia and in china, russia and with other countries. already a trend because united states has weaponized the u. s. dollar, it's no longer public. good. the su play some row of that. yet, on the whole, it's increasingly weaponized. so this is a 2 year tremendous dis service to united states. as for china, russia, i think the, from the figure i checked, it used to be less than 20 percent. now it's the 50 percent in local currency, chinese currency, russian currency. so it's a good trend. anyway, nice states, a weapon as everything they to all in chinese see in the lift a piece of rock to strike. i so feet were that were the reason i mentioned

sanctions me that they were in the news a couple of weeks ago because the u. s. accused china of perhaps planning to send lethal aid to russia, weapons to russia, something that both sides have denied. and what do you make of those accusations by the u. s. that china was wanting to do that solution? indeed, the, this is a fake news. china, russia have strategic pies and we have a normal trade relations. so this is only normal, but not the acquisitions made by the states. i think their acquisition basically to punish the chinese image in one way to consolidate a so called the west alliance and her so it would not work. and now and, well, china indeed has tried to position itself

a somewhat of a mediator in this conflict between russia and ukraine. and indeed, it came up with this 12 point piece pun proposal, that i think was fair to say received rather luke warm reception in the west. now i believe that when, when the president she does come to moscow, ukraine will be of the agenda with its source, with what the met putin. if you were to speculate, do you think there will be me any, any progress towards peace in ukraine when shooting pain? comes to muslim well, i think there is a, perhaps, at this particular moment, a window of opportunity and we should, the sees it essentially, most of parties to the conflict are now prefer a kind of sci fi. and political solution with china also stands for the only

exception united states which prefers to continue asia this conflict. yet recently, if you look at the u. s. domestic situation in the 1st place, or the, it's banks i in crisis and a for look at the package. a joe biden gave to her ukraine not long ago, do his visits. it's only $500000000.00. it's a pretty small, which means what, you know, if you look at the afghan war it, i say spend $2.00 trillion dollars. it with this calculation, filing a $1000000.00 could only or no for 2 days expense of war, you know, e, ukraine, battlefield. in other words, perhaps, to certain degree, thus, is also somehow worn out or exhausted, and pressure on some kind of political through. she is also go e r. and that's my personal observation. if there is such an opportunity for

a kind of sci fi and peaceful talks, we know it will take long tie and pro process. yet we, if we can star that it's, it, it's good for it for all the party's concern. indeed, indeed, now there was a did, do you believe that this, this impetus will also have to come from ukraine's allies in the west as this was dragged on for over a year. now, i believe that, you know, it's, you support for ukraine politically and united states may not be quite what it was at the start of the year. do you think the both sides as they are going to have to push for at least some sort of ceasefire to start off with oh, there is this possibility now because situation are moving fast and her . so let's hope for the better and for some kind of, you know, are moving towards

a political solution that does really because see if the war is out of control, to have a global implications for the economy, for the political arena. and if for the whole, more was, will occur in different parts of the world, europe, whatever. so does the very consequential is better to, let's talk to each other that's better and china can play some role in that. i'm sure that indeed, and he has already had quite a vast effect globally this, this war from africa to europe and further afield. and just talking about yeah, talking. there were some unconfirmed reports that president sharing pink may have a phone conversation with ukrainian president followed him as the lensky following, told ladyman putin. do you think that's likely, john? way way. i also read this a report by it,

sir. not confirmed by the chinese government yet we cannot, you know, see this is impossible. why not? because chinese leaders, se wong e and the form in searching gong also bet they are ukranian counterparts. not long ago, you munich, as occasions both focus the, our political solution to the crisis. china pursues foreign policy of independence and peace. and i think a chinese, in really at this particular moment, a unique position to mediate between all the parties concerned or we have done well this time with the deal between the wrong and saudi arabia. which the oddest in siri could be more difficult and challenging than the crisis between russia and ukraine products. so really when 1000 years, if not more,

of a kind of a contention and the conflict yet as they have reached some kind of reconciliation . hopefully, you know, indeed in both russia and ukraine, china's friends, we hope, you know, you will to, well, eventually find a solution. we, chinese position very clear. we stand for peace and for development. the philosophy of the united states and many western powers is always dividing a rule. they tried to soup, split to the world, and then he tried to manipulate other countries internal affairs, chinese position, just opposite all positions unite and prosper. let's focus on peace and development. and all were bad benefit from this. having said that, however, china,

i all described, chinese civilization state. in other words, it's a super large modern state. yet with it's the age of the civilization. it's very unique and different from many other countries. and so with this kind of tradition, we can play some role, you know, with not only political we'll, but also pretty to trust her with all the parties concerned. indeed, indeed, and he did such on the united states there in your answer and it's, it's no secret that just like russia relations between us and china aren't exactly great at the moment. and that's in teams. exemplified by this, the alleged spy blue in the u. s. code is 5 in china called it a weather balloon. ah, i'm sorry to bring that up again because i believe it was, it was blown out of proportion. yeah. but how do you think that that incidentally,

that's true. how do you think it was handled because i'm sibling can he did cancel his visit to china in light of that, at a time that you would have thought that maybe it would be great for both countries to talk. yeah. no. the indeed that you know it, sir. harmless you know, or what have you call bloom, or airship, whatever it could be handled? no, that's how that happens. you know, are many puzzled. wo the with different countries, whether blooms or whatever. yet, united states choose to handle the case is such a heavy handed way or in the 1st place, or it is a kind of a front to the chinese people. we are not happy about this. and 2nd, inuit for our analysis, it's largely to divert people's attention from us domestic

troubles and crises. a at that time, there were this ohio or poison gas leak in the real way a crisis would have a problem. and then the lea call poisons poisonous gas, of course, a financial and as a problems. so that's a problem. united states is the massive problems and then politicians tried to focus on china, russia as a way to divert people's attention from their own domestic problems which are very serious. it seems like the oldest, the oldest political trick in the book and to, to divert away from domestic violence by finding a foreign, a foreign one young. would you me quote, the u. s. approach towards high one obviously there was nancy pelosi is visit there . they've been sending miniature 8 taiwan. this is obviously going to be a, it is a huge point of contention between the 2 countries. and you get is any way that you can resolve this and find common ground no,

for that particular visit the by nancy pelosi, you know, it's, of course, against all the official communications documents or treaties between chinese. i states about the one china there. and interestingly, after that, the particular visit china held a larger scale military exercises and virtually surrounded the tie, one island. and the virtually eliminated the so called a pay when's territorial or at, and the water. and also the middle line, so called middle and in the taiwan straits, all this over abolished. so actually whatever publications, united states together with the pro independence forces in taiwan,

whatever they do in the end, the result is it's one step closer to china's unification. young indeed. now let me not to more financial issues at the moment. obviously in, in the news last week there was in the collapse of those 2 big banks in the united state. there was silicon valley bank and, and that spread a little bit with questions raised over credit suisse, which made merging into u b. s. m. yes, yes, this is this banking crisis. wisdom, china, it's all or not, is china more insulated from some of these issues in the west? no, china, you know, we discussed this at lancer many years ago with our american counterparts. we said that you need to reform your financial institutions. this kind also, casino capitalism. has to be brought into play,

always see the end me of the united sea is nor china, not russia, but to wall street. you had, it has to be regulated. otherwise, you have the one crisis after another. in the year 2008, the crisis and the chinese came to help united states. and i said the back then i said the mind own business. next, i will not help you because after all, assistance, what happened was united states. in, in the famous fable, you know, a farmer and the snake in the aesop fables. a not grateful is. there's it began to punish a china hostile to china and take all kinds of provocative actions against china. china, not happy about this. so not this tie states, you take your responsibility, solve your own problems for your business. oh yeah, i can start to happen. the child had been doing all this job. no,

it's i apologize for interrupting you. yes. as you, as you mentioned in 2000 eights, the the then secretary state hillary clinton went to china, encouraging china to buy u. s. dash 2. you can, you can certainly not really a much a situation where antony blinking would, would go cap in hand to china asking, asking china, it's about us, my years that now in fact, you know, yes, the financial secretary, a plan to visit china or during the month of december, then this are a handling bad handling of her bloom. as a result, the visitor was cancelled as i think her she almost make it open the piece by allah traitors, cherries in china, please come to help us yet with their domestic rivalries and providence in

between different 2 positions and different people. see her financial secretary is one position tree. the representative is another position. white house is another position. so that's probably when i states you have the south alley own problems 1st. mm hm. well, and, and, and talking about the, the usaa and what it perceives to be problems is that the bottom ministration has recently demanded that the, the, china's own as a tick tock they sell their stake in the social media or risk of possible ban of 6 out it's the tick tock in in the, the, are us what they said, any sale of 6 that would have to be approved by chinese regulators. it's a bit of a mass do. and what do you make of this hysteria around not just sick talk. also, huawei is also been the video kicked out of a lot of infrastructure in the u. k. the u. s. and i believe some cameras in australia as well were removed from some government departments. yeah,

yeah. and then i think you know, that in fact, it is about the technology, the united states is unwilling to engage as a countries in the fair competition channel. not afraid of competition, if it's a, with the same rule and no after all new liberties and talks about the competition, the better for consumers for everyone in of wing when yet, where united states loses. it's a tech advantages that adopt it. abandon all this textbook economics, if you are the why we, how is the far more advanced in 5 g and other related technologies and tick tock is a far more advanced a nice states in algorithm and a i technologies. so that some.