Asian shares bounced back on Friday after two days of losses, as news of a call between leaders Xi Jinping and Joe Biden offered some relief to traders struggling to interpret choppy market reactions to central banks' cautious moves to end stimulus.
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Biden and China's Xi discuss managing competition, avoiding conflict in callU.S. President Joe Biden spoke by phone with his Chinese counterpart Xi Jinping for about 90 minutes on Thursday, a senior U.S. official said, with both leaders discussing the need to avoid letting competition between the world's two largest economies veer into conflict.
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Biden calls Xi as US-China relationship grows more fraughtPresident Joe Biden spoke with China's Xi Jinping on Thursday amid growing frustration on the American side that high-level engagement between the two leaders' top advisers has been largely unfruitful in the early going of the Biden presidency. Biden initiated the call with Xi, the second between the two leaders since Biden took office. It comes at a moment when there is no shortage of thorny issues between the two nations, including cybersecurity breaches originating from China, Beijing's handling of the coronavirus pandemic and what the White House has labeled as “coercive and unfair” trade practices by the Chinese.
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Biden calls Xi to avoid US-China 'conflict'Chinese President Xi Jinping tells his American counterpart Biden that US policies towards Beijing have caused 'serious difficulties' and that putting ties back on track was critical 'to the destiny of the world.'
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Xi warns Biden in phone call US Policy is straining relations with ChinaFriday marked the second call between the two world leaders since Biden took office this year.
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Rachel Campos-Duffy slams Biden for 'authoritarian' COVID mandatesFox News host Rachel Campos-Duffy criticized Joe Biden for mandating COVID vaccines the same day his administration sued the state of Texas over its new abortion law.
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'Our patience is wearing thin': Biden extends vaccine mandates as COVID toll risesPresident Biden expands vaccine mandates as frustration grows over the lingering COVID-19 pandemic.
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