The scheduled meeting between President Joe Biden and Chinese President Xi Jinping in San Francisco, according to traders, may signal an optimistic thawing of tensions and improve sentiment towards the Asian country’s battered assets.In Xi’s first trip to the US since 2017, when he met with then-President Donald Trump, the …
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Only China wants its inflation to increase, whereas the rest of the world is trying to bring inflation down from current levels. China’s CPI decreased by two basis points in October. Although the country’s official statements indicate that deflation is unlikely, the PPI fell by more than 2.5%.There are also …
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US President Biden confirmed that relations with China have not taken a big hit. “We intend to compete completely with China but we are not seeking conflict, as that has been the case so far,” Biden said during a PBS interview late Wednesday.Biden’s comments join the recent statements from US …
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US President Joe Biden said on Tuesday that he had a good meeting with Chinese President Xi Jinping. Biden said that he and Xi have a lot to follow up on and that their aides would be working together on a range of issues. Biden added that he made clear …
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