14 November 2022 | Other

Biden and Xi meet for talks ahead of G20 summit

On Monday, Xi Jinping, China’s President, will arrive on the island Bali, Indonesia, for a long-awaitied meeting with the United States President Joe Biden on the sidelines of the G20 Summit.

Biden and Xi, who have made five phone or video calls since January 2021, when Biden took over as president, had last met in person before during the Obama administration, when Biden was vice president.

During a speech delivered at the East Asia Summit in Cambodia, Biden said that the United States would actively compete with China, "ensuring competition does not veer into conflict," and stressed the importance of peace in the Taiwan Strait. The U.S. president arrived in Bali on Sunday night.

Tensions between the superpowers have recently reached a peak in decades, intensifying in recent years over numerous disagreements, ranging from quarrels about Hong Kong and Taiwan as well as South China Sea, to trade practices and restrictions imposed by the US on Chinese technology.

The White House said the meeting is unlikely to result in a joint decision, but it could help calm bilateral relations. The two leaders will attend the opening of the G20 summit on Tuesday.

Company MarketCheese
Period: 29.07.2026 Expectation: 1800 pips
Selling EURUSD down to 1.12500
Yesterday at 11:26 AM 30
Period: 31.07.2026 Expectation: 150 pips
Buying Brent crude up to $78.50 per barrel
Yesterday at 10:52 AM 26
Period: 31.07.2026 Expectation: 500 pips
EURUSD sell-off targets 1.3840
Yesterday at 10:52 AM 12
Period: 23.07.2026 Expectation: 1750 pips
USDCAD tests key support after sharp reversal
Yesterday at 09:04 AM 15
Period: 23.07.2026 Expectation: 140 pips
US overproduction keeps weighing on natural gas prices
Yesterday at 08:11 AM 15
Period: 29.07.2026 Expectation: 2500 pips
Invest in NVIDIA stock with $235 target
Yesterday at 08:10 AM 11
Go to forecasts