U.S., Chinese Officials Discuss Future Talks Between Biden and Xi
Published On Aug 28, 2024, 11:36 AM
U.S. and Chinese officials, including national security adviser Jake Sullivan and top foreign policy official Wang Yi, met in Beijing to stabilize relations between the two countries. They discussed plans for a future call between President Biden and Xi Jinping and highlighted ongoing issues such as Taiwan, technology export controls, and trade disputes. The meetings aim to establish stability amid increasingly competitive U.S.-China relations, with less time left for Biden to make significant diplomatic moves before leaving office in January.
Stock Forecasts
AAPL
Positive
The ongoing U.S.-China negotiations could lead to a stabilization of relations, which may positively impact sectors like technology and trade that are sensitive to international relations. If the talks yield positive results, companies in technology and manufacturing could see improved stock performance due to eased tensions.
BA
Negative
However, persistent disputes over technology export controls and Taiwan suggest ongoing risks. Companies heavily involved in defense or with significant operations in China might face operational uncertainties, thus potentially leading to a negative forecast for defense contractors and tech firms that rely extensively on exports to China.
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