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MNI POLITICAL RISK - Blinken Continues China Trip

Executive Summary:

  • US Secretary of State Antony Blinken began key engagements of his delicate China trip today, meeting with government officials, students, and business leaders in Shanghai.
  • Blinken will head to Beijing tomorrow for meetings with top officials, including Foreign Minister Wang Yi, and possibly a face-to-face with President Xi Jinping. Whilst US-China relations have stabilised since Blinken's last trip to China, few breakthroughs are expected with Beijing unreceptive to Blinken's emphasis on human rights and domestic Chinese issues.
  • US officials revealed yesterday that they covertly shipping long-range Army Tactical Missile Systems (ATACMS) to Ukraine. White House National Security Advisor Jake Sullivan told reporters yesterday new aid to Ukraine will likely last “through the end of the year,” at which point the prevailing analyst view is that additional funds will be required.
  • The Biden administration has more actively pivoted to attacking former President Donald Trump’s proposed trade agenda, following reports that Trump’s economic advisors plan to devalue the dollar to reduce the trade deficit.
  • President Biden will travel to Syracuse, New York today to announce that the Biden Administration has reached an agreement to provide USD$6.1 billion in federal support for Micron Technology to produce advanced memory computer chips in New York and Idaho.
  • President Biden picked up a key endorsement from the North America’s Building Trades Union (NABTU) yesterday.
  • Poll of the Day: A new multilevel regression and poststratification analysis has forecast that President Biden would narrowly win the presidency if the elections were held today.

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