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: 04.10.2026 Expectation: 3800 pips
Go short on GBPUSD with downside potential to 1.31500
Today at 09:37 AM 11
Period: 18.09.2026 Expectation: 600 pips
Buy Brent crude up to $100
Today at 06:36 AM 11
Period: 03.10.2026 Expectation: 5100 pips
Sell USDJPY down to 152.00
Yesterday at 10:22 AM 28
Period: 03.10.2026 Expectation: 175 pips
Invest in ETHUSD up to $2,565
Yesterday at 08:13 AM 14
Period: 30.09.2026 Expectation: 13000 pips
Go long on Brent crude with $99.50 target
02 September 2026 30
Expectation: 1200 pips
SPX sell-off targets 7,500
02 September 2026 22
Go to forecasts