MNI China Daily Summary: Monday, November 25

MNI: China CFETS Yuan Index Up 0.01% In Week of Nov 22

MNI: PBOC Net Injects CNY76.7 Bln via OMO Monday

MNI: PBOC Sets Yuan Parity Lower At 7.1918 Mon; -1.35% Y/Y

CHINA PRESS: Yuan To Reach 17% Of Global Payments By 2035

MNI: BELGIUM NOV BNB BUSINESS SURVEY -11.1

EZ/UK Bond Supply Calendar: Gilt Syndi; IT, DE Due on Tuesday

MNI: GERMANY NOV IFO BUSINESS CLIMATE INDEX 85.7

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

MNI EXCLUSIVE: German Turmoil Dashes EU's Joint-Funding Hopes -Officials

FED: Powell's Time Looks Up, Replacement Could Be Less Willing To Cut Rates?

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

White House NSA Sullivan: We Are Committed To High Level Diplomacy

US-CHINA
EM BulletHomepagemarkets-real-timePolitical RiskCommoditiesPolitical Risk BulletEmerging Market NewsEnergy BulletsBulletMarketsFixed Income BulletsForeign Exchange BulletsUSPolitical Market News

MNI London: Wires carrying comments from White House National Security Advisor Jake Sullivan and Chinese President Xi Jinping ahead of a meeting in Beijing.

  • Xi: “China is committed to stable relationship based on win-win cooperation... We hope that the US will work in the same direction as China… hope US will see Chinese development as 'possibility not a challenge' and work to get along.”
  • Sullivan: “President Biden is committed to managing this relationship and to make sure competition does not lead to conflict… We are committed to maintaining high-level diplomacy… President Biden looks forward to engaging with you in the coming weeks.”
  • Xi: “Hope US will move in same direction as China, look at China and its development in a positive and rational manner… hope China and US can regard each other's development as an opportunity rather than a challenge.”
  • While the comments offer little substantively new information from yesterday's meetingbetween Sullivan and Chinese Foreign Minister Wang Yi, Sullivan's trip appears to have successfully opened up military communication channels, seen as crucial to preventing conflict. The trip may also provide some stability to the bilateral relationship ahead of the US Presidential election in November, which could increase volatility between Washington and Beijing.
  • Earlier today, Sullivan met with Central Military Commission General Zhang Youxia for the highest-level publicly known talks between the Chinese military and a Biden administration official, described by Bloomberg as a "return to precedent". The pair reaffirmed, "the importance of regular military-to-military communications as part of efforts to maintain high-level diplomacy."
252 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.

MNI London: Wires carrying comments from White House National Security Advisor Jake Sullivan and Chinese President Xi Jinping ahead of a meeting in Beijing.

  • Xi: “China is committed to stable relationship based on win-win cooperation... We hope that the US will work in the same direction as China… hope US will see Chinese development as 'possibility not a challenge' and work to get along.”
  • Sullivan: “President Biden is committed to managing this relationship and to make sure competition does not lead to conflict… We are committed to maintaining high-level diplomacy… President Biden looks forward to engaging with you in the coming weeks.”
  • Xi: “Hope US will move in same direction as China, look at China and its development in a positive and rational manner… hope China and US can regard each other's development as an opportunity rather than a challenge.”
  • While the comments offer little substantively new information from yesterday's meetingbetween Sullivan and Chinese Foreign Minister Wang Yi, Sullivan's trip appears to have successfully opened up military communication channels, seen as crucial to preventing conflict. The trip may also provide some stability to the bilateral relationship ahead of the US Presidential election in November, which could increase volatility between Washington and Beijing.
  • Earlier today, Sullivan met with Central Military Commission General Zhang Youxia for the highest-level publicly known talks between the Chinese military and a Biden administration official, described by Bloomberg as a "return to precedent". The pair reaffirmed, "the importance of regular military-to-military communications as part of efforts to maintain high-level diplomacy."