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Free AccessChina's Third-Ranked Official To Visit Seoul This Month
Chief of the Standing Committee of the National People's Congress and China's de facto number three official Li Zhanshu will visit Seoul this month, sources told Yonhap News agency today.
- Li will reportedly visit South Korea at the invitation of Assembly Speaker Kim Jin-pyo to commemorate the 30th anniversary of establishing bilateral diplomatic relations. There is speculation that Li could use this opportunity to discuss the possibility of a state visit by Chinese President Xi Jinping to South Korea.
- South Korean President Yoon has repeatedly expressed his hopes for a face-to-face summit with the Chinese leader but so far there has been no agreement on the time and location.
- While some had expected Yoon to take a more assertive stance towards China, his decision to skip a meeting with U.S. House Speaker Pelosi during her recent East Asia trip (which included a stopover in Taiwan) has been interpreted as an attempt to avoid angering Beijing.
- Across the Yellow Sea, PRC authorities have seemingly launched efforts to engage with key U.S. allies in the region at the most senior level. A few days back, Japanese Foreign Minister said he was working with Beijing to arrange a summit between President Xi and Prime Minister Kishida.
To read the full story
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.