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Biden Xi Meeting

All articles tagged with #biden xi meeting

finance2 years ago•2 min saved

Global Markets Rally as Asia Strengthens Ahead of Biden-Xi Talks

Asian markets are expected to open strong on Wednesday following the surge in stocks and investor sentiment worldwide after the release of cooling U.S. inflation data, which suggests a potential economic 'soft landing'. Key events to watch include the release of third quarter Japanese GDP and Chinese economic data, as well as the meeting between U.S. President Joe Biden and Chinese President Xi Jinping at the Asia Pacific Economic Cooperation forum. China's yuan has already climbed to a three-month high ahead of the talks. Additionally, investors will be focusing on the third quarter earnings reports from JD.Com and Tencent Holdings in China.

via Reuters|

#asian-markets #biden-xi-meeting #economic-soft-landing

diplomacy2 years ago•8 min saved

"Anticipation builds as Biden and Xi prepare for crucial meeting in San Francisco"

As President Biden prepares to meet with President Xi Jinping of China at the Asia-Pacific Economic Cooperation summit, expectations for substantive agreements are minimal. The only concrete agreement expected to emerge is a possible resumption of military-to-military communications. Both sides are also discussing the potential for a commitment to keep artificial intelligence software out of their nuclear command and control systems. However, there is no plan for a joint statement, and each government will provide its own account of the discussions. The meeting comes amid tensions over issues such as China's technology shipments to Russia and its economic sanctions on Taiwan. The focus will be on managing competition responsibly and maintaining open lines of communication, rather than seeking engagement or containment.

via The New York Times|

#apec-summit #biden-xi-meeting #diplomacy

international-relations2 years ago•5 min saved

Navigating the High-Stakes U.S.-China Meeting: Crisis Prevention and Global Risks

The upcoming meeting between US President Joe Biden and Chinese President Xi Jinping aims to expand dialogue and prevent a crisis in the increasingly tense US-China relationship. Flashpoints such as Taiwan and the South China Sea need careful management, especially with the politically charged 2024 ahead, which includes Taiwan's presidential election and the US presidential election. While there have been some signs of easing tensions, such as high-level visits and improved communication channels, challenges remain, particularly regarding US export controls and investment restrictions on Chinese tech. The meeting is seen as a potential high point for bilateral relations, but the key question is whether this will extend into a plateau or trigger a new cycle of deterioration.

via CNBC|

#biden-xi-meeting #crisis-prevention #export-controls

economy2 years ago•4 min saved

"October Inflation Data: A Crucial Economic Indicator for Washington and Investors"

The upcoming release of U.S. inflation data for October is of great importance to markets, economists, and policymakers as it could impact the Federal Reserve's interest-rate policy. Economists expect a moderation in consumer inflation, with a rise of 0.1% in October. Additionally, weak retail sales are anticipated for October. Chicago Fed President Austan Goolsbee's speech and the meeting between President Biden and President Xi at the APEC summit are also noteworthy events. Lastly, there is a looming threat of a government shutdown if Congress fails to pass legislation to keep the government funded.

via MarketWatch|

#biden-xi-meeting #economy #federal-reserve

international-relations2 years ago•5 min saved

"High-stakes meeting between Biden and Xi: Low expectations and a search for clarity"

As President Joe Biden and China's President Xi Jinping prepare for their high-stakes meeting, experts and officials have cautioned against expecting significant improvements in US-China relations. The meeting is seen as more symbolic, aimed at maintaining high-level communication and managing competition. The agenda is expected to cover military communications, human rights, and the South China Sea. Both countries are not willing to make significant concessions, and experts believe that the meeting may pave the way for future discussions rather than immediate solutions. The meeting also comes amid concerns over Chinese interference in Taiwan's upcoming presidential election.

via NBC News|

#biden-xi-meeting #human-rights #international-relations

economy2 years ago•6 min saved

"US-China Tensions Threaten Fragile Global Economy at APEC Summit"

The global economy is facing significant challenges, including the COVID-19 pandemic, inflation, and geopolitical shocks. The United States and China, as the world's two largest economies, have been engaged in economic battles for the past five years, causing further disruptions. The Asia-Pacific Economic Cooperation (APEC) summit, which includes 21 Pacific Rim countries, offers hope for cooling some of the economic tensions between the US and China. The marquee event will be the meeting between Presidents Joe Biden and Xi Jinping, the first time they will have spoken in a year. While expectations for breakthroughs are low, preventing further deterioration in the bilateral economic relationship would already be considered a victory. The IMF warns that economic fragmentation caused by rising trade barriers could subtract trillions from global economic output. Both the US and China have reasons to restore economic cooperation, but tensions extend beyond economics, with issues such as human rights abuses and territorial disputes.

via ABC News|

#apec-summit #biden-xi-meeting #economy

economy2 years ago•6 min saved

"US-China Tensions Threaten Fragile Global Economy at APEC Summit"

The global economy is facing challenges as the United States and China, the two largest economies, seek to ease tensions at the Asia-Pacific Economic Cooperation (APEC) summit. The U.S.-China economic relationship has been strained for years, leading to trade wars and increased tariffs. The APEC summit, which includes 21 Pacific Rim countries, offers an opportunity for Presidents Joe Biden and Xi Jinping to address their economic disputes. However, expectations for breakthroughs are low. The tensions between the two nations have caused economic fragmentation and hindered global trade. The International Monetary Fund warns that higher trade barriers could subtract trillions from global economic output. Both the U.S. and China have reasons to restore economic cooperation, but the broader tensions extend beyond economics, including issues of human rights and territorial disputes.

via Yahoo Finance|

#apec-summit #biden-xi-meeting #economy