President Biden and Chinese President Xi Jinping are in the middle of talks Wednesday on the sidelines of the Asia-Pacific Economic Cooperation gathering, as Mr. Biden looks to manage the relationship between the world’s two largest economies. The two men grasped hands ahead of their bilateral meeting at the Filoli Historic House & Garden in … Read more
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People walk past an apple store in Wangfujing with iPhone 13 series advertisement on a big screen. Sheldon Cooper | LightRocket | Getty Images This report is from today’s CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they … Read more
On Monday, it was announced that President Xi Jinping will not attend an upcoming summit of the Group of 20 major economies in India. Premier Li Qiang will take his place. China’s President Xi Jinping (R) and Politburo Standing Committee member Li Qiang (L) (AFP Photo) {{^userSubscribed}} {{/userSubscribed}} {{^userSubscribed}} {{/userSubscribed}} This will be the first … Read more
China is attempting to defuse risks from its $9 trillion pile of off balance-sheet local government debt, without resorting to major bailouts.That path forward is a treacherous one for President Xi Jinping’s government. To thread the needle, the provinces and cities whose borrowing drove the world’s largest infrastructure boom will need to roll back their … Read more
It is unclear what caused the confusion An unusual event took place at the BRICS Summit when Chinese President Xi Jinping was left puzzled after his aide was stopped by security personnel. In a video going viral on social media, it is shown that Mr Jinping was walking towards the hall. As the Chinese president … Read more