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: 09.07.2026 Expectation: 4350 pips
Bitcoin sell-off targets $59,000
Yesterday at 11:20 AM 42
Period: 16.06.2026 Expectation: 1235 pips
Buy Brent crude with $107.60 target as it exits descending triangle
Yesterday at 10:07 AM 34
Period: 09.07.2026 Expectation: 2250 pips
Selling AUDUSD down to 0.68250
Yesterday at 09:34 AM 31
Period: 16.06.2026 Expectation: 3000 pips
Buying Tesla stock with $440 target amid recovery after recent sell-off
Yesterday at 08:18 AM 23
Period: 31.07.2026 Expectation: 400 pips
Buying SPX from $7,100 support
Yesterday at 04:06 AM 18
Period: 30.06.2026 Expectation: 650 pips
EURUSD sell-off targets 1.1450
Yesterday at 04:06 AM 18
Go to forecasts