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Virtual Meeting Between Chinas Chairman Xi Jinping and US President Biden

China International RelationsProfiles, Interviews, SpeechesCPC Communist Party of ChinaChina Political LandscapeESG in China - Impact Investing

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U.S. President Joe Biden and his Chinese counterpart Xi Jinping finally held their first face-to-face virtual summit, aiming to lower the temperature of the tense relationship between the world’s two biggest superpowers.

No major breakthroughs were announced but Xi agreed to fast-track entry to China for U.S. businesspeople and both sides said they’d ease visa restrictions for each other’s journalists. More importantly, for investors, they talked about releasing oil from their strategic reserves to counter surging gasoline prices and inflation. Xi even called Biden his “old friend.”


President Joe Biden meets his counterpart Xi Jinping virtually from the Roosevelt Room of the White House in Washington, DC, November 15.
Photographer: Getty Images
That was a welcome contrast to the Biden administration’s first face-to-face with China, when top diplomats from both sides bickered in front of the cameras. This week’s conviviality saw the yuan climb to its strongest level in months.

Yet thorny issues remain, ranging from Taiwan and tariffs to sanctions and human rights, not forgetting nuclear weapons. What’s clear is that there’s a lot at stake and the pair will need to keep talking.

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