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Xi welcomes Putin to China as both leaders seek to bolster strategic ties

  • Chinese leader Xi Jinping welcomed Russian President Vladimir Putin in Beijing on Thursday as both countries seek to bolster their strategic relationship.
  • Putin's two-day state visit to China comes at the invitation of Xi and will be the Russian leader's first foreign trip since he began his fifth term in office last week.
  • The two countries have touted their "no-limits" friendship since February 2022, as a counter to the global influence of the U.S.

Chinese leader Xi Jinping welcomed Russian President Vladimir Putin in Beijing on Thursday as both countries seek to bolster their strategic relationship.

Putin's two-day state visit to China comes at the invitation of Xi and will be the Russian leader's first foreign trip since he began his fifth term in office last week.

The two countries have touted their "no-limits" friendship since February 2022, as a counter to the global influence of the U.S.

China has increasingly become Russia's lifeline to support its war chest since the invasion of Ukraine as Washington continues to tighten the screws on Moscow with more sanctions.

In an interview with state-media Xinhua published ahead of the visit, Putin said trade volume between the two countries reached $227.8 billion last year from $111 billion in 2019.

"The current bilateral trade volume is about 20 trillion rubles, or nearly 1.6 trillion yuan," he noted.

Both the countries aim to deepen cooperation in "high-tech, outer space and peaceful uses of nuclear energy, artificial intelligence, renewable energy," among other sectors, Putin added.

China's tight embrace of Russia has been a thorny issue for the U.S. with Washington warning Beijing to curtail its military aid for Moscow's war against Ukraine.

On the trade front, U.S.

Read more on cnbc.com