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Xi: 'China Should Shoulder Our International Responsibilities'

US-CHINA

The call between Presidents Biden and Xi Jinping has just concluded.

  • Reports from Chinese state media have been generally positive about the meeting.
  • According to Bloomberg citing Xinhau: 'Xi told Biden that the war in Ukraine 'isn’t what we want to see.'
  • Xi told Biden: 'We should not only steer China-U.S. relations forward on the right track, but should also shoulder our international responsibilities.'
  • This appears to be a response to comments from Biden and US Secretary of State Antony Blinken this week accusing China of not acting according to its responsibilities in maintaining global security.
  • A number of analysts now speculate that the slow progress made by the Russian military in Ukraine may be recalibrating Chinese support of Russia.
  • Lawrence Norman of WSJ reported that there is still no evidence of Chinese support of Russia: 'EU official on reaction if China is helping Russia on Ukraine. Says no evidence thus far...'For me, concern is not a strategy...We will deal with evidence and we will respond in the right way.''
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USEM BulletHomepagePolitical Market NewsPolitical RiskEmerging Market NewsPolitical Risk BulletBulletMarketsFixed Income BulletsForeign Exchange Bullets

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