Tag: Group of Twenty

Can India Challenge China for Leadership of the ‘Global South’?

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For more than a decade, China has courted developing countries frustrated with the West. Beijing’s rise from poverty was a source of inspiration. And as it challenged the postwar order, especially with its global focus on development through trade, loans and infrastructure projects, it sent billions of much-needed dollars to poor nations. But now, China is facing competition from another Asian giant in the contest to lead what has come to be called the “global south.” A newly confident India is presenting itself as a different kind of leader for…

Today’s Top News: Biden’s Ambitions at the G20, and More

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The New York Times Audio app is home to journalism and storytelling, and provides news, depth and serendipity. If you haven’t already, download it here — available to Times news subscribers on iOS — and sign up for our weekly newsletter. The Headlines brings you the biggest stories of the day from the Times journalists who are covering them, all in about 10 minutes. Hosted by Annie Correal, the new morning show features three top stories from reporters across the newsroom and around the world, so you always have a…

China’s Leader, Xi Jinping, Set to Skip G20 Summit in Snub to India

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China indicated on Monday that its top leader, Xi Jinping, will skip the Group of 20 summit meeting in New Delhi this weekend, dealing a blow to India, the event’s host nation, and raising questions about Mr. Xi’s profile as a global statesman. China will send the premier, Li Qiang, to the event, said Mao Ning, a spokeswoman for China’s Foreign Ministry, at a news briefing. Ms. Mao declined to explain the reason for the decision and refused to answer questions about Mr. Xi. The Chinese leader has never missed…

China Increasingly Seen as Antagonist in Diplomatic Talks Globally

Chin@Strategy

NEW DELHI — When the top diplomats of four major Asia-Pacific nations met here in the Indian capital on Friday to discuss issues in the region, one had a direct message for the behemoth whose shadow loomed over the talk. China must “act under the international institutions, standards and laws” to avoid conflict, Yoshimasa Hayashi, the foreign minister of Japan, said on a public panel that included his counterparts from the United States, India and Australia. That request is one that every official on that stage has made on many…

Ukraine Reinforces Embattled Bakhmut, but Mission Is Unclear

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Ukraine is sending reinforcements to the devastated eastern city of Bakhmut, leading more troops into a bloody crucible that has already cost both sides staggering losses, where Russian forces have gradually tightened their grip. A Ukrainian deputy defense minister, Hanna Maliar, said Wednesday that her government had begun deploying new fighters to Bakhmut, site of the most protracted battle of the war, but she did not say how many were being sent. More critically, Ms. Maliar, speaking on Ukrainian television, did not say what their role would be, in a…

Defaults Loom as Poor Countries Face an Economic Storm

Chin@Strategy

WASHINGTON — Developing nations are facing a catastrophic debt crisis in the coming months as rapid inflation, slowing growth, rising interest rates and a strengthening dollar coalesce into a perfect storm that could set off a wave of messy defaults and inflict economic pain on the world’s most vulnerable people. Poor countries owe, by some calculations, as much as $200 billion to wealthy nations, multilateral development banks and private creditors. Rising interest rates have increased the value of the dollar, making it harder for foreign borrowers with debt denominated in…

At G20 Summit, Xi and Biden Offer Rival Visions for Solving Global Issues

Chin@Strategy

BALI, Indonesia — While President Biden and his Chinese counterpart, Xi Jinping, have eased tensions between their countries, they are vying for influence in Asia and beyond, offering competing stances on how to address poverty and the war in Ukraine. Mr. Xi has cast China as a steadfast partner to the region, rejecting what he described as the United States’ “Cold War mentality” of forming security alliances. At the Group of 20 summit on Tuesday, he spoke loftily about China’s “global initiatives” to fight poverty and strife, while remaining publicly…

Biden and Xi Break the Ice

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The leaders of the world’s 20 biggest economies are meeting this week in Indonesia. What they decide will go a long way toward shaping the global climate of the near future — and with it, the destiny of us all. The Group of 20 represents 80 percent of the greenhouse gas emissions warming the planet. The main headline: China and the U.S. are back on speaking terms. The White House announced that the United States and China would resume their climate talks. The news came after a three-and-a-half hour meeting…

In Global Slowdown, China Holds Sway Over Countries’ Fates

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BEIJING — When Suriname couldn’t make its debt payments, a Chinese state bank seized the money from one of the South American country’s accounts. As Pakistan has struggled to cope with a devastating flood that has inundated a third of the country, its loan repayments to China have been rising fast. When Kenyans and Angolans went to the polls in presidential elections in August, the countries’ Chinese loans, and how to repay them, were a hot-button political issue. Across much of the developing world, China finds itself in an uncomfortable…

Xi Hasn’t Left China in 21 Months. Covid May Be Only Part of the Reason.

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When the presidents and prime ministers of the Group of 20 nations meet in Rome this weekend, China’s leader, Xi Jinping, won’t be among them. Nor is he expected at the climate talks next week in Glasgow, where China’s commitment to curbing carbon emissions is seen as crucial to helping blunt the dire consequences of climate change. He has yet to meet President Biden in person and seems unlikely to any time soon. Mr. Xi has not left China in 21 months — and counting. The ostensible reason for Mr.…