The China Mail - Biden, Xi agree to hold face-to-face summit

USD -
AED 3.672498
AFN 65.000261
ALL 81.533073
AMD 358.401722
ANG 1.789785
AOA 916.999868
ARS 1541.754401
AUD 1.422809
AWG 1.8
AZN 1.715223
BAM 1.754262
BBD 2.010754
BDT 123.994851
BGN 1.747831
BHD 0.376995
BIF 2999.094065
BMD 1
BND 1.280239
BOB 12.025456
BRL 5.3544
BSD 0.998309
BTN 95.006951
BWP 13.810517
BYN 2.942546
BYR 19600
BZD 2.007794
CAD 1.39826
CDF 2314.497801
CHF 0.828735
CLF 0.025054
CLP 989.301933
CNY 6.66605
CNH 6.65915
COP 3168.57
CRC 453.954273
CUC 1
CUP 23.960319
CVE 98.902577
CZK 21.85315
DJF 177.776183
DKK 6.710525
DOP 61.334505
DZD 135.412508
EGP 56.047103
ERN 15
ETB 163.677738
EUR 0.89788
FJD 2.24275
FKP 0.751792
GBP 0.750805
GEL 2.567503
GGP 0.751792
GHS 11.635281
GIP 0.751792
GMD 73.49797
GNF 8835.888903
GTQ 7.629042
GYD 209.205434
HKD 7.84651
HNL 26.802228
HRK 6.76901
HTG 130.803902
HUF 328.696495
IDR 18183
ILS 3.11695
IMP 0.751792
INR 95.228019
IQD 1513.526119
IRR 1864650.000277
ISK 121.939959
JEP 0.751792
JMD 158.350301
JOD 0.70902
JPY 158.055034
KES 129.920061
KGS 87.448009
KHR 4079.381097
KMF 442.000259
KPW 899.999961
KRW 1338.920003
KWD 0.311201
KYD 0.832018
KZT 454.497345
LAK 22469.582065
LBP 89401.597474
LKR 331.94455
LRD 169.711646
LSL 16.642972
LTL 2.95274
LVL 0.60489
LYD 6.423981
MAD 9.821192
MDL 17.970463
MGA 4535.934522
MKD 55.229912
MMK 2099.638249
MNT 3597.631144
MOP 8.067326
MRU 40.444177
MUR 47.470212
MVR 15.459736
MWK 1731.104723
MXN 18.75381
MYR 4.059596
MZN 63.896673
NAD 16.643047
NGN 1345.949727
NIO 36.73971
NOK 9.277865
NPR 152.022209
NZD 1.78277
OMR 0.384501
PAB 0.998309
PEN 3.443763
PGK 4.475938
PHP 63.878503
PKR 276.21656
PLN 3.94746
PYG 5843.547208
QAR 3.639535
RON 4.799198
RSD 105.546025
RUB 80.57679
RWF 1478.109555
SAR 3.750664
SBD 8.064705
SCR 13.854054
SDG 601.499925
SEK 9.88831
SGD 1.28162
SHP 0.750582
SLE 22.950037
SLL 20969.504398
SOS 570.559796
SRD 37.615503
STD 20697.981008
STN 21.976051
SVC 8.735469
SYP 13001.999685
SZL 16.638487
THB 33.763501
TJS 9.194224
TMT 3.51
TND 2.995112
TOP 2.40776
TRY 49.837599
TTD 6.776484
TWD 32.577014
TZS 2647.437993
UAH 45.526629
UGX 4347.533602
UYU 40.163236
UZS 11994.959121
VES 887.00815
VND 25814
VUV 119.133003
WST 2.76699
XAF 588.970444
XAG 0.019042
XAU 0.00024847375
XCD 2.70255
XCG 1.799297
XDR 0.707052
XOF 588.970444
XPF 106.970674
YER 236.174987
ZAR 16.644755
ZMK 9001.201804
ZMW 20.141626
ZWL 321.999592
SSP 5745.303054
MXV 2.114197
  • RYCEF

    0.4000

    19.71

    +2.03%

  • CMSC

    0.0000

    20.4

    0%

  • BTI

    0.4200

    56.05

    +0.75%

  • BP

    0.2800

    44.43

    +0.63%

  • RBGPF

    1.6000

    67

    +2.39%

  • RIO

    -0.1500

    94.41

    -0.16%

  • AZN

    -0.4300

    166.15

    -0.26%

  • GSK

    0.4600

    49.7

    +0.93%

  • BCE

    -0.4100

    20.56

    -1.99%

  • NGG

    -0.2500

    75.24

    -0.33%

  • VOD

    -0.0400

    16.58

    -0.24%

  • RELX

    -0.4500

    33.07

    -1.36%

  • BCC

    -0.5500

    76.59

    -0.72%

  • CMSD

    -0.0300

    20.27

    -0.15%

  • JRI

    -0.2500

    10.77

    -2.32%

Biden, Xi agree to hold face-to-face summit

Biden, Xi agree to hold face-to-face summit

President Joe Biden and his Chinese counterpart Xi Jinping agreed to schedule their first in-person summit during a sometimes tense phone call Thursday where Xi warned the United States not to "play with fire" in Taiwan.

Text size:

Although this was their fifth phone or video call since Biden took office a year and a half ago, the summit would be their first in-person meeting as leaders. No detail was given on the timing or location.

Biden and Xi "discussed the value of meeting face-to-face and agreed to have their teams follow up to find a mutually agreeable time to do so," a US official said, speaking on condition of anonymity.

Both sides described the call, which lasted two hours and 17 minutes, as a robust exchange on the many disputes between the world's two biggest economic powers.

China's state-run Xinhua agency said Xi delivered harsh words on US policy towards Taiwan, a democratic island with close ties to the United States but which China considers part of its territory.

"Those who play with fire will eventually get burned," Xi was quoted as telling Biden, repeating language he employed when they spoke last November. "I hope the US side fully understands that."

Tensions around Taiwan are steadily escalating amid fears that Xi could ultimately order an invasion to impose Beijing's rule.

In the latest flashpoint, Chinese authorities are furious at unconfirmed plans by Biden ally and speaker of the House of Representatives, Nancy Pelosi, to visit the island.

Although US officials frequently visit Taiwan, separated by a narrow strip of water from the Chinese mainland, Beijing considers a Pelosi trip as a major provocation. She's second in line to the US presidency and given her position may travel with military transport.

Washington will "bear the consequences" if the trip goes ahead, China warned Wednesday.

During the call, Xi was quoted as telling Biden "the position of the Chinese government and people on the Taiwan issue is consistent."

"It is the firm will of the over 1.4 billion Chinese people to firmly safeguard China's national sovereignty and territorial integrity," he said.

In response, Biden reassured Xi that US policy, known as "strategic ambiguity," was unchanged -- essentially favoring the status quo in Taiwan, with Washington recognizing Chinese sovereignty but opposing any enforcement, allowing the Taiwanese to retain their distinct rule.

"On Taiwan, President Biden underscored that the United States policy has not changed and that the United States strongly opposes unilateral efforts to change the status quo or undermine peace and stability across the Taiwan Strait," the White House said in a statement.

- No move on tariffs -

Biden prides himself on a close relationship with Xi going back years, but it's getting hard to mask deepening mistrust between the two countries.

US officials said Biden touched on a raft of sensitive issues, including China's "genocide and forced labor practices" and its increasingly aggressive military posture across Asia.

The White House described Biden's outreach as part of "efforts to maintain and deepen lines of communication" and to "responsibly manage our differences and work together where our interests align."

According to the White House, Biden's chief hope is to establish "guardrails" for the two superpowers.

This is meant to ensure that while they sharply disagree on democracy, and are increasingly rivals on the geopolitical stage, they can avoid open conflict.

Where to place the guardrails, however, is challenging amid so many unresolved disputes, including a simmering trade war begun under Donald Trump's presidency.

One big question still completely unresolved is the trade war started under Donald Trump, with 25 percent import duties on billions of dollars of Chinese products.

Despite speculation that Biden could soon ease some of those tariffs to try and lower roaring inflation in the US economy, there was no movement on the issue during his talk with Xi.

"On the question of tariffs, President Biden explained to President Xi... core concerns with China's unfair practices which harm American workers and harm American families, but he did not discuss any potential steps he might take," the US official told reporters.

"It would be wrong to believe that somehow a decision on any next steps was somehow waiting for this conversation."

O.Tse--ThChM