Biden and Xi's meeting sent an important signal for U.S. business in China
Publishing timestamp: 2023-11-21 21:24:36
Summary
The article discusses the meeting between U.S. President Joe Biden and Chinese President Xi Jinping, highlighting that it has set a bottom line in the relationship and reduced uncertainty for businesses. Analysts believe that the meeting signals a commitment to cooperation and problem-solving, but there are doubts about the long-term implementation of the consensus. The article also mentions the resumption of military-to-military talks and the restoration of more flights between the two countries. However, there were no significant deliverables from the meeting, and businesses are still focused on derisking and diversifying supply chains.
Sentiment: MIXED
Keywords: xi jinping, joe biden, markets, china, foreign policy, united states, mastercard inc, business news, stock markets, market insider, asia economy, beijing,