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Xi Welcomes Debt-Burdened Leaders in China as He Skips G-20 [Financial Post (Toronto, Ontario, Canada)]

GLENCORE PLC UNSP/ADR (GLNCY) 
US:NASDAQ Investor Relations: glencore.com/investors
Company Research Source: Financial Post
Author of the article: (Bloomberg) — President Xi Jinping will host the leaders of two heavily indebted nations for state visits to China this weekend, as he skips the world's premier forum for top-level diplomacy in India. Zambian President Hakainde Hichilema will visit China from Sept. 10-16, while Venezuela's Nicolás Maduro will arrive on Friday for a seven-day trip, the Foreign Ministry in Beijing said in separate statements. The symbolism of Xi's decision to host two world leaders as he snubs the Group of Twenty summit sends a clear message about how he prefers to conduct diplomacy: The Chinese leader is increasingly receiving dignitaries on home soil, or turning to groups where Beijing has more clout, such as the newly expanded BRICS. Zambia and Venezuela have sought economic relief from China in recent years as they struggle to service mountains of debt, a significant portion of which is owed to Beijing. President Joe Biden plans to push for debt relief for poor countr Show less Read more
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