Pres. Xi wraps up Europe tour: Here's what to know

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PERSISTENT INFLATION CONTINUED TO HURT THAT ECONOMY >>> AND CHINESE PRESIDENT XI JINPING WILL FINISH UP HIS FIRST TRIP TO EUROPE IT HAS BEEN FIVE YEARS, HE'LL FINISH IT UP TODAY, AIMED AT BOOSTING TIES WITH THE EU. EUNICE YOON JOINS US NOW WITH MORE >> Reporter: PRESIDENT XI JINPING IS VISITING A EUROPE THAT IS MUCH MORE HOSTILE TO HIM AS WELL AS TO CHINA THAN HIS LAST TRIP MAINLY BECAUSE OF HIS PARTNERSHIP WITH RUSSIAN PRESIDENT VLADIMIR PUTIN AS WELL AS HIS SUPPORT FOR PUTIN'S WAR ON UKRAINE NOW, ON THIS TRIP, HE VISITED FRANCE AS WELL AS SERBIA, AND HUNGARY. HE WENT TO COUNTRIES THAT WERE, FOR THE MOST PART, GENERALLY ASSURING HIM OF A MORE FRIENDLY RECEPTION. THE MOST IMPORTANT MEETING WAS IN FRANCE, WITH FRENCH PRESIDENT EMMANUEL MACRON. THE TWO HAD A FRIENDLY EXCHANGE, AND WITH PRESIDENT XI ASKING MA CRO CRON TO HELP AVOID A NEW THIRD WAR. PRESIDENT XI HIGHLIGHTED THE 25th ANNIVERSARY OF THE BOMBING, THE U.S. BOMBING OF THE CHINESE EMBASSY IN BELGRADE, SAYING THAT CHINA WOULD NEVER FORGET NOW, FOR INVESTORS, A KEY TAKEAWAY IS THAT CHINA'S -- THAT THE CHINESE PRESIDENT DIDN'T OFFER ANY REAL CHANGE IN POLICY IN ORDER TO TRY TO REPAIR RELATIONS. FOR EXAMPLE, WHILE HE WAS IN PARIS, HE MET WITH THE EUROPEAN COMMISSION CHIEF, WHO WAS COMPLAINING ABOUT CHINA'S OVERCAPACITY HE SAID THAT THERE IS NO SUCH THING AS CHINA'S OVERCAPACITY. AND ON RUSSIA, WELL, PRESIDENT XI IS GOING TO BE WELCOMING PRESIDENT PUTIN HERE IN BEIJING NEXT WEEK. GUYS >> THERE'S NO -- I THINK THAT IS A PRETTY GOOD FRIENDSHIP THAT WE ARE NOW SEEING, AND I DON'T KNOW IF IT IS WORTH IT FOR CHINA, CHINA NEEDS TO OBVIOUSLY NEEDS EUROPE, NEEDS THE UNITED STATES, I'M NOT SURE WHAT THE BENEFIT TO CHINA IS TO BE SO CLOSE TO PUTIN AT THIS POINT. >> Reporter: WELL, I THINK THAT PRESIDENT XI REALLY SEES HIS RELATIONSHIP WITH PRESIDENT PUTIN IN A LONGER TERM TIME FRAME, WHICH IS THAT HE'S HOPING TO HAVE A CHANGE OF THE U.S.-LED WORLD ORDER. HOWEVER, IN SO DOING, I THINK ONE OF THE INTERESTING SIDE EFFECTS OF HIS RELATIONSHIP WITH PRESIDENT PUTIN IS THAT IT REALLY HAS DRIVEN A WEDGE -- OR HAS REALLY BEEN ABLE TO NOT DRIVE A WEDGE, BUT NARROW THE DIFFERENCES BETWEEN THE U.S. AND CHI EUROPE, BECAUSE IN THE PAST IT LOOKED LIKE CHINA WAS MAKING PROGRESS IN DIVIDING THE U.S. AND EUROPE EUROPE WAS MUCH MORE SOFT ON THE IDEA OF HAVING A RELATIONSHIP WITH CHINA, BUT ONCE PRESIDENT XI HAD SOLIDIFIED THAT RELATIONSHIP WITH PRESIDENT PUTIN, EVERYTHING CHANGED. >> SEEING THE PICTURES WITH XI AND MACRON TOGETHER JUST MADE ME START THINKING ABOUT HOW AWKWARD POTENTIALLY THIS OLYMPICS IS GOING TO BE WITH ALL THESE COUNTRIES. WHAT HAVE YOU HEARD ABOUT THAT IN ADVANCE, EUNICE, JUST IN TERMS OF WHO WILL BE THERE, WHO WON'T? >> Reporter: WELL, IN TERMS OF WHO'S GOING TO BE THERE AND WHO WON'T, I DON'T HAVE ANY INSIGHT IN THAT. BUT AT THE SAME TIME, BOTH MACRON, YOU CAN TELL MACRON WAS TRYING TO COZY UP TO PRESIDENT XI IN SOME RESPECTS IN SAYING THEY BOTH HAD AGREED THAT THE OLYMPICS -- THEY WANTED TO HAVE THE OLYMPIC GAMES BECOME A BIT OF A TRUCE ON ALL WAR. SO, YOU KNOW, THE RELATIONSHIP BETWEEN PRESIDENT XI AND PRESIDENT MACRON IS REALLY ONE THAT IS VERY INTERESTING, BECAUSE A YEAR AGO, MACRON WAS HERE AND SPARKED A LOT OF OUTRAGE WHEN HE MADE SOME COMMENTS ABOUT TAIWAN THAT THE OTHER EUROPEAN LEADERS DIDN'T REALLY LIKE. SO, I THINK THAT PRESIDENT XI VIEWS PRESIDENT
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Channel: CNBC Television
Views: 19,980
Rating: undefined out of 5
Keywords: Squawk Box U.S., CNBC, business news, finance stock, stock market, news channel, news station, breaking news, us news, world news, cable, cable news, finance news, money, money tips, financial news, stock market news, stocks
Id: tSS4TzJXiJY
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Length: 4min 16sec (256 seconds)
Published: Fri May 10 2024
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