By Trevor Hunnicutt
BEIJING (Multibagger) - Top U.S. and Chinese officials concluded talks in Beijing after a third day of meetings on Thursday, with the goal of easing simmering tensions between the two superpowers ahead of the Nov. 5 U.S. election.
U.S. National Security Adviser Jake Sullivan and China's top diplomat Wang Yi gathered behind closed doors at a lush resort on the outskirts of the Chinese capital to discuss their contrasting views over various issues, including the Middle East, Ukraine, Chinese territorial claims, and trade.
During the meetings, they discussed the possibility of fresh talks between Presidents Joe Biden and Xi Jinping, as well as communication between military commands - a demand from Washington.
"The key to the smooth development of China-U.S. interaction lies in treating each other as equals," Wang told Sullivan.
"The two sides held candid, substantive, and constructive discussions on a range of bilateral, regional, and global issues," the White House said.
In his final months in office, Biden has focused on direct diplomacy to influence Xi and manage tensions. Vice President Kamala Harris, the Democratic candidate in November's election, is expected to continue this strategy.
However, analysts aligned with former President and current Republican candidate Donald Trump view this approach as too soft in response to China's assertive foreign policy.
The U.S. is pushing for China to take action to prevent the development of chemicals used in fentanyl production and to establish safety standards for artificial intelligence.
Beijing plans to express disapproval over U.S. tariffs and export controls targeting Chinese chip makers, as well as discuss its claims over Taiwan.
Analysis:
The conclusion of talks between U.S. and Chinese officials in Beijing has significant implications for global markets and investors. The discussions aimed at easing tensions between the two superpowers could impact trade relations, geopolitical stability, and economic policies moving forward. Investors should closely monitor developments in U.S.-China relations as they could influence market sentiment and investment decisions. It is essential to stay informed and adapt investment strategies accordingly to navigate potential risks and opportunities arising from these high-level talks.