5G Investment News
  • Top News
  • Economy
  • Forex
  • Investing
  • Stock
  • Editor’s Pick
No Result
View All Result
5G Investment News
  • Top News
  • Economy
  • Forex
  • Investing
  • Stock
  • Editor’s Pick
No Result
View All Result
5G Investment News
No Result
View All Result
Home Stock

Biden speaks to China’s Li at G20, says economic ‘crisis’ makes Taiwan invasion less likely

by
September 11, 2023
in Stock
0
Biden speaks to China’s Li at G20, says economic ‘crisis’ makes Taiwan invasion less likely













HANOI — US President Joe Biden said on Sunday he held his highest level talks with Chinese leadership in months, adding that Beijing’s economic wobbles would not lead it to invade Taiwan.

Mr. Biden said he met with Chinese President Xi Jinping’s No.2, Chinese Premier Li Qiang, at the annual G20 summit in New Delhi. The talks were the highest level meeting between the two powers in nearly 10 months since Biden and Xi spoke at last year’s G20 in Indonesia.

Mr. Li, who took became premier in March, attended the gathering of world leaders in place of Mr. Xi. The two leaders were not expected to hold talks at the G20 but unscripted encounters at summits are common.

“My team, my staff still meets with President Xi’s people and his cabinet,” Mr. Biden told reporters. “I met with his No.2 person in India today.”

He added: “We talked about stability,” and the Southern Hemisphere. “It wasn’t confrontational at all.”

The White House on Sunday said Mr. Biden had met with a Chinese leader at the summit.

The two super powers have been trying to thaw frosty relations this year after a spat over a suspected Chinese spy balloon that flew over US territory, while fears of an economic slowdown have gripped Beijing.

Speaking at a press conference in Vietnam, Mr. Biden touted the US economy as the “strongest” globally. He told reporters that China’s growth was slowing due to a weak global economy as well as Chinese policies but did not specify which policies.

Mr. Biden called China’s economic situation a “crisis,” citing issues in the real estate sector and high youth unemployment.

“One of the major economic tenets of his plan isn’t working at all right now,” Mr. Biden said of Mr. Xi, without elaborating. “I’m not happy for that, but it’s not working.”

Mr. Biden added: “He has his hands full right now.”

The Democratic president is headed into a 2024 re-election campaign where his own handling of the economy and inflation has become a central concern for voters.

The US economy grew at a 2.1% annualised rate last quarter. Central bankers have sharply raised interest rates to bring inflation back down to target levels.

August trade data showed China’s exports and imports both narrowing their declines, joining other indicators showing a possible stabilisation in the economic downturn, as policymakers seek to spur demand and fend off deflation.

Mr. Li has said China should achieve its 2023 growth target of around 5%, but some analysts think a worsening property slump, weak consumer spending and tumbling credit growth could mean lower growth.

OPEN DIALOGUEMr. Biden has tried to keep communications open with China to lower the temperature in international frictions including over Taiwan, the self-ruled island claimed by China.

“I don’t think this is going to cause China to invade Taiwan,” Mr. Biden said of the country’s economic troubles. “As a matter of fact, the opposite, probably doesn’t have the same capacity that it had before.”

He described the United States as a Pacific power with no intention of withdrawing from the region.

Mr. Biden also said recent moves by Chinese officials to curb the use of US-designed Apple iPhones by state employees amounted to trying to “change some of the rules of the game” on trade.

“I am sincere about getting the relationship right,” he said. — Reuters

Neil Banzuelo

RELATED ARTICLESMORE FROM AUTHOR



MORE STORIES


Previous Post

US, Vietnam reach deals on planes, tech and human rights as Biden visits

Next Post

Racist, sexist, casteist: Is AI bad news for India?

Next Post
Racist, sexist, casteist: Is AI bad news for India?

Racist, sexist, casteist: Is AI bad news for India?

Enter Your Information Below To Receive Free Trading Ideas, Latest News And Articles.







    Fill Out & Get More Relevant News





    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.
    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    Recommended

    Here’s how your garden grows with Wilcon

    Here’s how your garden grows with Wilcon

    May 16, 2025
    Millennial campaign strategist topples Quezon town’s 33-year dominance

    Millennial campaign strategist topples Quezon town’s 33-year dominance

    May 16, 2025
    Aviva warns against forcing UK pension funds to buy domestic assets

    Aviva warns against forcing UK pension funds to buy domestic assets

    May 16, 2025
    From Desert to Downtown: Choosing the Right Car for Your Dubai Adventure

    From Desert to Downtown: Choosing the Right Car for Your Dubai Adventure

    May 16, 2025

    Disclaimer: 5GInvestmentNews.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice.
    The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    • Privacy Policy
    • Terms & Conditions

    Copyright © 2024 5GInvestmentNews. All Rights Reserved.

    No Result
    View All Result
    • Home
    • Privacy Policy
    • suspicious engagement
    • Terms & Conditions
    • Thank you

    © 2025 JNews - Premium WordPress news & magazine theme by Jegtheme.