Home NewsStock Market News U.S., Chinese foreign ministers’ first meeting since G20 summit paves way for Xi Jinping meeting later this month |

U.S., Chinese foreign ministers’ first meeting since G20 summit paves way for Xi Jinping meeting later this month |

by WOOWinvest
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U.S., Chinese foreign ministers’ first meeting since G20 summit paves way for Xi Jinping meeting later this month |


U.S. Secretary of State Antony Blinken met with Chinese Foreign Minister Wang Yi in Bali, Indonesia on Saturday (9th), the first face-to-face talks between the two sides since the G20 summit in October last year, and is expected to be the basis for the meeting later this month. Learn to lay the foundation.

Before the talks, Blinken said that face-to-face diplomacy is irreplaceable, and he expected the talks to be fruitful and constructive. Daniel Kritenbrink, a senior U.S. diplomat for East Asia, also said it was important to keep open lines of communication with China in order to prevent any misunderstandings that could inadvertently lead to conflict.

Wang Yi believes that it is necessary for the two countries to maintain normal exchanges and make joint efforts to ensure that bilateral relations continue to develop along the right track.

Judging from the attitudes of both sides, the foreign ministers of the United States and China both intend to maintain a stable relationship. It is expected that the two will exchange views on human rights, the economy and the Russian-Ukrainian war.

The meeting will also set the stage for a face-to-face conversation between U.S. President Joe Biden and Chinese President Xi Jinping later this month. Daniel Russel, a former U.S. diplomat in East Asia who is close to the Biden administration, believes that one of the purposes of the meeting is to explore the possibility of a face-to-face conversation between Biden and Xi.

With Xi seeking a third term at the National Congress of the Chinese Communist Party later this year, analysts believe Xi should be interested in maintaining a stable relationship with the White House.

Still, U.S. officials do not expect concrete results from the talks or a breakthrough in discussions related to tariffs.

Even though the United States and China have a strategic competitive relationship, they are still important trading partners. Biden has recently continued to evaluate the cancellation of import tariffs on a series of Chinese goods, hoping to ease domestic inflation pressure before the November midterm elections to maintain democracy. Party dominance in Congress.

The Biden administration discussed with advisers on Friday whether to cut China tariffs, but has yet to make a final decision.

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