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: 29.10.2026 Expectation: 800 pips
Sell GBPUSD down to 1.3180
Yesterday at 12:02 PM 29
Period: 05.11.2026 Expectation: 300 pips
Buy Brent crude with $103 in sight
Yesterday at 12:02 PM 16
Gold sell
Period: 22.10.2026 Expectation: 180 pips
Gold sell-off targets $3,940
Yesterday at 11:16 AM 25
Period: 08.11.2026 Expectation: 6200 pips
Go short on USDJPY with 152.00 in view
Yesterday at 09:44 AM 38
Period: 29.10.2026 Expectation: 600 pips
EURUSD sell-off targets 1.1167
Yesterday at 05:56 AM 33
Period: 07.11.2026 Expectation: 6750 pips
Selling USDCAD down to 1.35500
07 October 2026 35
Go to forecasts