Biden Holds Highest-Level Talks with China in Months, Says Economic Woes Make Taiwan Invasion Less Likely

| Leave a Comment | World

U.S. President Joe Biden met with Chinese Premier Li Qiang on Sunday at the G20 summit in New Delhi, the highest level talks between the two countries in nearly 10 months.

Biden said the talks were “not confrontational at all” and that they discussed stability and the Southern Hemisphere. He also said that he believes China’s economic woes make it less likely to invade Taiwan.

“I don’t think this is going to cause China to invade Taiwan,” Biden said. “As a matter of fact, the opposite, probably doesn’t have the same capacity that it had before.”

The Chinese economy is facing a number of challenges, including a property slump, weak consumer spending, and tumbling credit growth. Li has said that China should achieve its 2023 growth target of around 5%, but some analysts think that a worse-than-expected slowdown is possible.

Biden’s comments on Taiwan are significant because they suggest that the United States is not taking the threat of a Chinese invasion lightly. However, he also said that he is “sincere about getting the relationship right” with China.

The two countries have been engaged in a number of disputes in recent years, including over trade, technology, and human rights. However, they have also made some progress in recent months, such as agreeing to a truce in their trade war.

It remains to be seen whether the latest talks between Biden and Li will lead to a lasting thaw in relations between the two countries. However, the fact that they were able to meet and discuss a range of issues is a positive sign.

In addition to the economic issues, Biden also raised concerns about China’s recent moves to curb the use of U.S.-designed Apple iPhones by state employees. He said that these moves amounted to trying to “change some of the rules of the game” on trade.

The talks between Biden and Li were the latest in a series of high-level exchanges between the two countries. In recent months, the two sides have also held talks on climate change and nuclear nonproliferation.

It remains to be seen whether these talks will lead to a breakthrough in any of these areas. However, they do suggest that the two countries are at least willing to engage in dialogue. This is a positive development, as it could help to reduce tensions and avoid conflict.


Related News

  • 21 Sep

    Chipmaker Kokusai Electric to list on Tokyo Stock Exchange on Oct. 25

    Kokusai Electric, a chipmaking equipment maker, plans to list on the Tokyo Stock Exchange on October 25 in what is expected to be the largest IPO in Japan in five years. The company, which was spun off from Hitachi in 2018 and is now owned by the private equity firm KKR, has set a tentative IPO price of 1,890 yen per share and is expected to raise around 210 billion yen ($1.4 billion) in the IPO. A successful IPO for Kokusai Electric could lead to a wave of new listings in Japan and boost the market's appetite for chipmaking stocks. However, investors should be aware of the risks associated with investing in IPOs.

  • 20 Sep

    Shell opens world’s largest EV charging station in China

    Shell has opened the world's largest EV charging station in Shenzhen, China. The station has 258 charging points and solar panels that can generate 300,000 kilowatt-hours of renewable electricity per year. The station is a joint venture between Shell and Chinese EV giant BYD.

  • 18 Sep

    Taiwanese Military Detects Record Number of Chinese Warplanes

    Taiwan detected a record number of Chinese warplanes around the island in one day, with 40 crossing the median line of the Taiwan Strait. The Taiwanese military condemned China's "continued military harassment" and warned that it could lead to a sharp spike in tension and worsen regional security. The United States has been increasing its military presence in the region in a bid to deter China from taking any aggressive action against Taiwan.

  • 18 Sep

    Indian-American Presidential Candidate Vivek Ramaswamy Refutes Age Criticism

    Vivek Ramaswamy, a 38-year-old Indian-American candidate for President of the United States, has refuted criticism that he is too young for the office. He pointed out that Thomas Jefferson was only 33 years old when he wrote the Declaration of Independence, and argued that the United States needs a leader who is "not afraid to revive the country's founding principles." Ramaswamy is facing an uphill battle in the Republican primary, but he is hoping that his message will resonate with voters.

  • 16 Sep

    Pakistan: Petrol, HSD Prices Reach Historic Highs

    Pakistan's caretaker government has hiked petrol and diesel prices to over Rs 330 per litre, the highest ever in the country's history. The move comes as the country struggles with double-digit inflation and is under pressure from the IMF to raise taxes and reduce subsidies. The hike will put an unbearable burden on the masses and make it difficult for many people to make ends meet.

Leave a Reply

Your email address will not be published. Required fields are marked *