EAM Jaishankar to visit China on a three-day trip from July 13 ahead of SCO meet
This becomes his first trip to the neighbouring country since the two countries reached an understanding on ending the border face-off last October, putting in place measures to normalise the ties.
During the visit, Jaishankar will first hold bilateral talks with his Chinese counterpart Wang Yi besides attending the Shanghai Cooperation Organisation (SCO) Council of Foreign Ministers meeting on July 14–15 will Tianjin.
The visit comes at a time when New Delhi and Beijing are making a series of attempts to stabilise a relationship that plummeted following the deadly military standoff in eastern Ladakh in 2020.
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The problem here is Trump's tariff policy and it is as simple as that frankly. Synopsis Geoff Dennis, an Independent EM Commentator, dismisses the notion of BRICS posing a currency threat to the US, despite China's desire for a stronger RMB. While some de-dollarization exists, Dennis believes Trump's perception of any overseas collaboration as anti-American is a key factor. "The Chinese are desperate for the RMB to play a bigger role. But frankly, I do not see what the BRICS are doing or what they are trying to do represents a currency related threat to the US whatsoever," says Geoff Dennis, Independent EM Commentator. ADVERTISEMENT When we speak about the idea of de-dollarisation and we have seen countries like India for instance, we have publicly stated that we are not going to move away from the dollar and de-dollarisation is not a policy that India essentially is looking at. But is there an immediate threat to the United States or to the G7 group of nations from BRICS because Donald Trump is making these comments over and over again. So, do you anticipate an immediate threat A) to the dollar and, of course, to US' hegemony? Geoff Dennis: I do not believe so. This is an issue which has allegedly impacted markets for the best part of 50 years. I am an old guy, I have been around a long time and we were talking about potentially the Deutsche Mark replacing the US dollar as a key reserve currency or the key reserve currency in the late 70s and it has just never happened. Now, right now there is some evidence, of course, that central banks are diversifying out of the dollar. The Chinese are desperate for the RMB to play a bigger role. But frankly, I do not see what the BRICS are doing or what they are trying to do represents a currency related threat to the US whatsoever. I just do not get it frankly. 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