Biden aide and Chinese diplomat held hours of constructive talks in Malta
|Beijing and Washington announced on Sunday that White House national security adviser Jake Sullivan conferred with Chinese Foreign Minister Wang Yi for hours over the weekend in Malta, as the world's two largest economies strive to stabilize troubled relations, per Reuters.
The meeting between Sullivan and Wang was the latest in a series of high-level talks between U.S. and Chinese officials that could pave the way for a meeting between US President Joe Biden and Chinese President Xi Jinping later this year.
The United States informed China that it was willing to collaborate on counter-narcotics, artificial intelligence, and climate change while expressing concern over unspecified Chinese support for Russia and Beijing's recent deployment of fighter jets across the Taiwan Strait.
Market reaction
This headline had little to no impact on the Aussie's performance against its rivals. AUD/USD was last seen trading at 0.6435, gaining 0.07% on the day.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.