• 3 minutes e-car sales collapse
  • 6 minutes America Is Exceptional in Its Political Divide
  • 11 minutes Perovskites, a ‘dirt cheap’ alternative to silicon, just got a lot more efficient
  • 2 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 7 days If hydrogen is the answer, you're asking the wrong question
  • 1 day How Far Have We Really Gotten With Alternative Energy
  • 11 days Biden's $2 trillion Plan for Insfrastructure and Jobs
China Buys Up Russian Oil

China Buys Up Russian Oil

China is on track to…

Biden Stresses The Importance Of Cooperation With China Following Xi Meeting

U.S. President Joe Biden and his Chinese counterpart Xi Jinping met on Monday for the first time in person as leaders of their countries and vowed to keep communication channels open and seek ways to work together on globally important issues.  

U.S.-Chinese relations hit a new low in August after U.S. House Speaker Nancy Pelosi visited Taiwan, in the highest-level U.S. visit to Taiwan in 25 years.

China, which claims Taiwan is part of China, slammed the visit, saying that “It has a severe impact on the political foundation of China-U.S. relations, and seriously infringes upon China’s sovereignty and territorial integrity. It gravely undermines peace and stability across the Taiwan Strait, and sends a seriously wrong signal to the separatist forces for ‘Taiwan independence'.”  

Meeting in Indonesia today ahead of the G20 summit, the leaders of the two world superpowers agreed that relations and communication need to improve.

“As the leaders of our two nations, we share responsibility, in my view, to show that China and the United States can manage our differences, prevent competition from ... turning into conflict, and to find ways to work together on urgent global issues that require our mutual cooperation,” President Biden said.

He stressed that he intended to keep the lines of communication open with President Xi and across the board on a government level.

Xi, for his part, said, as carried by Reuters, “So we need to chart the right course for the China-U.S. relationship. We need to find the right direction for the bilateral relationship going forward and elevate the relationship.”

“The world expects that China and the United States will properly handle the relationship,” the Chinese president added.

As well as Taiwan, U.S.-China relations have been roiled in recent years by trade disputes and tariffs and U.S. restrictions on sales of American-made equipment to Chinese chip makers.

There have been quiet efforts on both sides in the past two months to repair U.S-China ties, American officials told Reuters.

ADVERTISEMENT

By Tsvetana Paraskova for Oilprice.com

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage



Leave a comment

Leave a comment

EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News