Title : Will President Biden Cave-In To China's Demands?
link : Will President Biden Cave-In To China's Demands?
Will President Biden Cave-In To China's Demands?
Bloomberg: Biden-Xi Phone Call Raises Key Question: Who Will Blink First?
(Bloomberg) -- After months of little progress in U.S.-China relations, Joe Biden’s frustration led him to initiate a call with Xi Jinping in search of a breakthrough. Now the question is who will be first to take concrete action.
The leaders of the world’s biggest economies spoke by telephone for 90 minutes on Thursday night, their first discussion since February. While the call didn’t produce any immediate announcements, the yuan strengthened to a one-week high amid optimism that any communication could improve overall ties.
Still, the readouts after the conversation showed that fundamental differences remain. The White House sought to make a distinction between issues where the countries can cooperate and others where they will compete, while Xi linked everything to “respecting each other’s core concerns.”
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WNU Editor: My Chinese friends are telling me that the expectation in China is that the White House will start to meet China's conditions starting with the removal of tariffs and withdrawing an extradition request for Meng Wanzhou, the chief financial officer of Huawei Technologies Co.. This will then be followed by the removal of sanctions, visa bans, and permitting technology transfers.
Bloomberg: Biden-Xi Phone Call Raises Key Question: Who Will Blink First?
(Bloomberg) -- After months of little progress in U.S.-China relations, Joe Biden’s frustration led him to initiate a call with Xi Jinping in search of a breakthrough. Now the question is who will be first to take concrete action.
The leaders of the world’s biggest economies spoke by telephone for 90 minutes on Thursday night, their first discussion since February. While the call didn’t produce any immediate announcements, the yuan strengthened to a one-week high amid optimism that any communication could improve overall ties.
Still, the readouts after the conversation showed that fundamental differences remain. The White House sought to make a distinction between issues where the countries can cooperate and others where they will compete, while Xi linked everything to “respecting each other’s core concerns.”
Read more ....
WNU Editor: My Chinese friends are telling me that the expectation in China is that the White House will start to meet China's conditions starting with the removal of tariffs and withdrawing an extradition request for Meng Wanzhou, the chief financial officer of Huawei Technologies Co.. This will then be followed by the removal of sanctions, visa bans, and permitting technology transfers.
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