US Pres. Biden underscores concerns about Beijing’s coercive and unfair economic practices
|Steve Herman, White House Bureau Chief tweeted out a press release, confirming the telephonic conversation held between US President Joe Biden and China’s President Xi Jinping.
Key takeaways
Biden affirmed priorities of protecting the American people’s security and preserving a free and open Indo-Pacific.
Biden underscores concerns about Beijing’s coercive and unfair economic practices, crackdown in Hong Kong, human rights abuses in Xinjiang and increasingly assertive actions in the region, including Taiwan.
The two leaders exchanged views on the covid pandemic and climate change.
Biden committed to pursuing results-oriented engagements when it advances the interests of the American people and those of our allies.
Biden will be 'practical, hard-headed, clear-eyed' in dealings with Xi Jinping.
Unlikely US will shrink military presence in Asia-Pacific under Biden.
US participation in 2022 Beijing winter Olympics not on agenda in Biden's discussion with Xi Jinping.
President Biden took to his Twitter handle, saying: “I spoke today with President Xi to offer good wishes to the Chinese people for Lunar New Year. I also shared concerns about Beijing’s economic practices, human rights abuses, and coercion of Taiwan. I told him I will work with China when it benefits the American people.”
Market implications
The risk sentiment remains tepid amid concerns over the global economic recovery despite a prolonged period of fiscal stimulus and lose-monetary policy worldwide.
The S&P 500 futures post small losses while correcting near 3,900. AUD/USD trades modestly flat around 0.7720.
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.