Xi, Biden Hold Candid, Constructive Talks

Financial officials from China and the U.S. will conduct dialogue and coordination on macroeconomic policies, economic and trade issues, CCTV News reported late Monday following the meeting between Chinese President Xi Jinping and his U.S. counterpart in Bali. Xi emphasised that trade and tech wars, and “decoupling and breaking off supply chains” completely violate the principles of the market economy and undermine the rules of international trade, while both countries still have common interests in post-pandemic economic recovery, climate change and the resolution of regional issues. The two heads of state believed the meeting was candid and constructive and instructed the working teams to implement the important consensus reached during the meeting and take practical actions to push China-U.S. relations back to the track of stable development, CCTV said.