The Japan Times - China's Xi begins Malaysia visit in shadow of Trump tariffs

EUR -
AED 4.168164
AFN 81.122003
ALL 98.671748
AMD 442.507784
ANG 2.045256
AOA 1039.486014
ARS 1330.848211
AUD 1.773251
AWG 2.042657
AZN 1.926696
BAM 1.952865
BBD 2.290698
BDT 137.842863
BGN 1.955708
BHD 0.427723
BIF 3330.66653
BMD 1.13481
BND 1.482299
BOB 7.839358
BRL 6.442276
BSD 1.134515
BTN 95.879457
BWP 15.530935
BYN 3.712786
BYR 22242.270527
BZD 2.278916
CAD 1.565186
CDF 3260.308462
CHF 0.934079
CLF 0.028143
CLP 1079.987008
CNY 8.251598
CNH 8.245499
COP 4792.630546
CRC 573.048978
CUC 1.13481
CUP 30.072458
CVE 110.785823
CZK 24.956731
DJF 201.678683
DKK 7.46513
DOP 66.783843
DZD 150.490527
EGP 57.684641
ERN 17.022146
ETB 149.624398
FJD 2.563478
FKP 0.847022
GBP 0.850494
GEL 3.115014
GGP 0.847022
GHS 17.374125
GIP 0.847022
GMD 81.12789
GNF 9821.777978
GTQ 8.737025
GYD 238.076438
HKD 8.801323
HNL 29.306411
HRK 7.531772
HTG 148.219882
HUF 404.72981
IDR 18794.718596
ILS 4.130616
IMP 0.847022
INR 96.011541
IQD 1486.600734
IRR 47789.683388
ISK 145.68677
JEP 0.847022
JMD 179.600115
JOD 0.804804
JPY 162.176785
KES 146.956976
KGS 99.239097
KHR 4541.507987
KMF 490.521187
KPW 1021.285951
KRW 1617.325186
KWD 0.347728
KYD 0.945496
KZT 582.210503
LAK 24534.58653
LBP 101622.210291
LKR 339.615645
LRD 226.422901
LSL 21.061893
LTL 3.350798
LVL 0.686435
LYD 6.190405
MAD 10.510891
MDL 19.47408
MGA 5117.991652
MKD 61.511705
MMK 2382.410181
MNT 4054.992006
MOP 9.064638
MRU 45.0803
MUR 51.247972
MVR 17.478028
MWK 1970.029319
MXN 22.240501
MYR 4.896707
MZN 72.63943
NAD 21.061928
NGN 1819.134185
NIO 41.638687
NOK 11.795711
NPR 153.412255
NZD 1.911269
OMR 0.436821
PAB 1.134515
PEN 4.160783
PGK 4.57385
PHP 63.284908
PKR 318.938443
PLN 4.283884
PYG 9086.585797
QAR 4.132407
RON 4.977387
RSD 117.152104
RUB 93.053547
RWF 1608.025374
SAR 4.25663
SBD 9.488482
SCR 16.141929
SDG 681.459659
SEK 10.964112
SGD 1.481613
SHP 0.891782
SLE 25.81704
SLL 23796.374013
SOS 648.542066
SRD 41.814301
STD 23488.270048
SVC 9.926733
SYP 14754.126111
SZL 21.0621
THB 37.895855
TJS 11.957742
TMT 3.983182
TND 3.374952
TOP 2.657841
TRY 43.675756
TTD 7.684588
TWD 36.35647
TZS 3052.637913
UAH 47.063537
UGX 4155.901413
USD 1.13481
UYU 47.736584
UZS 14690.11156
VES 98.215637
VND 29510.726789
VUV 136.641768
WST 3.141606
XAF 654.984298
XAG 0.034741
XAU 0.000343
XCD 3.06688
XDR 0.813352
XOF 652.515286
XPF 119.331742
YER 278.085629
ZAR 21.093111
ZMK 10214.64531
ZMW 31.568119
ZWL 365.408267
  • RBGPF

    -0.4500

    63

    -0.71%

  • CMSC

    -0.0530

    22.187

    -0.24%

  • SCS

    -0.0400

    9.97

    -0.4%

  • RYCEF

    -0.3500

    9.9

    -3.54%

  • NGG

    -0.0450

    72.995

    -0.06%

  • VOD

    0.1750

    9.755

    +1.79%

  • CMSD

    -0.0850

    22.265

    -0.38%

  • RIO

    -1.5300

    59.35

    -2.58%

  • RELX

    0.8500

    54.64

    +1.56%

  • GSK

    0.6900

    39.66

    +1.74%

  • BTI

    0.8450

    43.705

    +1.93%

  • AZN

    0.2500

    71.96

    +0.35%

  • JRI

    -0.0200

    12.91

    -0.15%

  • BCC

    -2.0400

    92.46

    -2.21%

  • BCE

    0.2500

    22.17

    +1.13%

  • BP

    -0.6650

    27.405

    -2.43%

China's Xi begins Malaysia visit in shadow of Trump tariffs
China's Xi begins Malaysia visit in shadow of Trump tariffs / Photo: Farhan ABDULLAH - MALAYSIA'S DEPARTMENT OF INFORMATION/AFP

China's Xi begins Malaysia visit in shadow of Trump tariffs

Chinese President Xi Jinping arrived in Malaysia on Tuesday for a highly anticipated state visit that comes as Beijing fights an escalating trade war with the United States.

Text size:

Xi embarked this week on a Southeast Asia tour that has already taken him to Vietnam and will also include Cambodia, with Beijing trying to position itself as a stable alternative to US President Donald Trump's punitive tariff regime.

The Chinese leader touched down at the airport in the Malaysian capital Kuala Lumpur on Tuesday, where he was greeted by Prime Minister Anwar Ibrahim, footage from Chinese state broadcaster CGTN showed.

Xi said he was "looking forward to... further deepening the traditional friendship" between China and Malaysia, CCTV, another Chinese state broadcaster, reported.

He said he would "have an in-depth exchange of views" in meetings with Anwar and king Sultan Ibrahim, according to CCTV.

"With the joint efforts of both sides, this visit will surely achieve fruitful results," the broadcaster reported him as saying.

Xi is scheduled to attend a state banquet at the Malaysian monarch's palace on Wednesday morning before holding talks with Anwar in the administrative capital Putrajaya.

He and Anwar will witness the signing of a range of bilateral agreements, according to the Malaysian foreign ministry.

"China will work with Malaysia... to combat the undercurrents of geopolitical and camp-based confrontation, as well as the countercurrents of unilateralism and protectionism," Xi wrote in an article for Malaysia's The Star newspaper on Tuesday.

"We must uphold the UN-centered international system and the international order... and promote fairer and more equitable global governance," he wrote.

China and Malaysia celebrated their 50th anniversary of diplomatic relations last year and enjoy robust trade ties, though Malaysia has partial claims to parts of the South China Sea, where Beijing has staked out near-blanket sovereignty.

China has remained Malaysia's largest trading partner for 16 consecutive years, with total trade between the two countries accounting for 16.8 percent of Malaysia's global trade last year, according to the Malaysian foreign ministry.

- 'Oppose bullying' -

Xi's arrival came hot on the heels of his visit to Vietnam.

The two nations said, "they will jointly oppose hegemony and power politics (and) jointly oppose unilateralism in all forms", in a joint statement published Tuesday in Vietnamese state media after Xi's visit.

The two sides also agreed to "maintain an open, transparent, inclusive, and non-discriminatory multilateral trade regime with the World Trade Organization (WTO) as the core ... and promote economic globalization".

The joint statement did not mention the United States or Trump by name, though China has been locked in a tit-for-tat trade war with Washington.

Since Trump's last salvo of tariffs, the United States has been levying duties of up to 145 percent on imports from China.

Beijing has called the taxes a "joke" and imposed retaliatory tolls of 125 percent on American goods.

Trump later said Xi's "lovely meeting" with Vietnamese counterparts aimed to "figure out, how do we screw the United States of America".

China and Vietnam signed 45 cooperation agreements on Monday including on supply chains, artificial intelligence, joint maritime patrols and railway development.

Xi said at a meeting with Vietnam's top leader To Lam that their countries were "standing at the turning point of history... and should move forward with joined hands".

Lam said after the talks that the two leaders "reached many important and comprehensive common perceptions", according to the Vietnam News Agency.

K.Hashimoto--JT