Chinese President Xi Jinping (習近平) yesterday called for an “equal and orderly multipolar world” in the face of “unilateral bullying,” in an apparent jab at the US.
Xi was speaking during talks in Beijing with Uruguayan President Yamandu Orsi, the first South American leader to visit China since US special forces captured then-Venezuelan president Nicolas Maduro last month — an operation that Beijing condemned as a violation of sovereignty.
Orsi follows a slew of leaders to have visited China seeking to boost ties with the world’s second-largest economy to hedge against US President Donald Trump’s increasingly unpredictable administration.
Photo: AP
“The international situation is fraught with intertwined turmoil, and unilateral bullying is intensifying,” Xi told Orsi, China Central Television reported.
China “is willing to strengthen solidarity and cooperation with Uruguay in the global south, jointly promote an equal and orderly multipolar world, and inclusive economic globalization,” he said.
Beijing “supports Latin American and Caribbean countries in safeguarding their sovereignty, security and development interests,” he added.
During the meeting, Orsi warned of risks from the “challenging international and regional scenario.”
China is Uruguay’s top trading partner, largest export destination and a key buyer of agricultural products such as soybeans and beef.
Chinese electric vehicle brands have also grown their market share in Uruguay, accounting for almost one-third of sales last year.
Beijing has invested billions of dollars in Latin America as part of its quest for natural resources and through its Belt and Road Initiative.
China and Uruguay would “seek to increase and diversify our bilateral trade,” Orsi said at the meeting, adding that they both supported a “standard-based international trade system.”
The two leaders signed agreements on science, technology, environmental cooperation and other areas.
Xi said the two sides would explore cooperation in emerging fields such as green technology, the digital economy and artificial intelligence.
Uruguay is part of South America’s Mercosur trade bloc, along with Brazil, Argentina and Paraguay, which limits its ability to strike unilateral trade deals with Beijing.
Montevideo has previously expressed interest in an independent commercial deal with China, which sparked opposition from fellow members.
Mercosur signed a trade deal — two decades in the making — with the EU last month, eliminating tariffs on more than 90 percent of bilateral trade.
Orsi was also due to hold talks with Chinese Premier Li Qiang (李強) and Chinese National People’s Congress Standing Committee Chairman Zhao Leji (趙樂際) yesterday before traveling to Shanghai.
The Central Election Commission has amended election and recall regulations to require elected office candidates to provide proof that they have no Chinese citizenship, a Cabinet report said. The commission on Oct. 29 last year revised the Measures for the Permission of Family-based Residence, Long-term Residence and Settlement of People from the Mainland Area in the Taiwan Area (大陸地區人民在台灣地區依親居留長期居留或定居許可辦法), the Executive Yuan said in a report it submitted to the legislature for review. The revision requires Chinese citizens applying for permanent residency to submit notarial documents showing that they have lost their Chinese household record and have renounced — or have never
A magnitude 5.6 earthquake struck off the coast of Yilan County at 12:37pm today, with clear shaking felt across much of northern Taiwan. There were no immediate reports of damage. The epicenter of the quake was 16.9km east-southeast of Yilan County Hall offshore at a depth of 66.8km, Central Weather Administration (CWA) data showed. The maximum intensity registered at a 4 in Yilan County’s Nanao Township (南澳) on Taiwan’s seven-tier scale. Other parts of Yilan, as well as certain areas of Hualien County, Taipei, New Taipei City, Taoyuan, Hsinchu County, Taichung and Miaoli County, recorded intensities of 3. Residents of Yilan County and Taipei received
Taiwan has secured another breakthrough in fruit exports, with jujubes, dragon fruit and lychees approved for shipment to the EU, the Ministry of Agriculture said yesterday. The Animal and Plant Health Inspection Agency on Thursday received formal notification of the approval from the EU, the ministry said, adding that the decision was expected to expand Taiwanese fruit producers’ access to high-end European markets. Taiwan exported 126 tonnes of lychees last year, valued at US$1.48 million, with Japan accounting for 102 tonnes. Other export destinations included New Zealand, Hong Kong, the US and Australia, ministry data showed. Jujube exports totaled 103 tonnes, valued at
BIG SPENDERS: Foreign investors bought the most Taiwan equities since 2005, signaling confidence that an AI boom would continue to benefit chipmakers Taiwan Semiconductor Manufacturing Co’s (TSMC, 台積電) market capitalization swelled to US$2 trillion for the first time following a 4.25 percent rally in its American depositary receipts (ADR) overnight, putting the world’s biggest contract chipmaker sixth on the list of the world’s biggest companies by market capitalization, just behind Amazon.com Inc. The site CompaniesMarketcap.com ranked TSMC ahead of Saudi Aramco and Meta Platforms Inc. The Taiwanese company’s ADRs on Tuesday surged to US$385.75 on the New York Stock Exchange, as strong demand for artificial intelligence (AI) applications led to chip supply constraints and boost revenue growth to record-breaking levels. Each TSMC ADR represents