The meeting of Biden and Xi Jinping at the G20 inspires optimism in the stock market

Today, November 14, 2022, Joe Biden and Xi Jinping met at the G20 summit

Biden:

It is important to prevent competition between China and the United States from escalating into conflict.

The US and China can find ways to work together on pressing global issues.

The US is ready to cooperate with China to solve global problems if the Chinese government so desires.

Xi Jinping:

Relations between China and the United States today do not correspond to the fundamental interests of the two countries and their peoples, as well as what the international community expects from us.

Both sides need to find the “right direction” and improve relations.