Asian markets are expected to react to the meeting between U.S. President Biden and Chinese President Xi as they aim to address the economic slowdown in China. The meeting comes as Asian manufacturing returns to a 2020 low, with China leading the slowdown. President Xi seeks to revive investments in the sluggish Chinese economy, while President Biden aims to keep tensions low in the Asia-Pacific region. Chinese stocks slid after the meeting, reflecting traders' concerns over the strained ties and renewed worries about the world's second-largest economy.
“Chinese stocks slid following a much-anticipated meeting between Biden and, as traders saw only modest progress in the strained ties and as fresh data renewed concern over the world’s second largest economy.” https://t.co/JeM7bIJG0d
Asia markets poised for mixed open as investors digest Biden-Xi meeting https://t.co/IMWHEkRA2h
President Xi aims to revive investments in a sluggish Chinese economy while US President Biden looks to keep temperatures ‘low’ in Asia-Pacific https://t.co/KnuyWMS9yV https://t.co/g8Xa4idkEt
How China’s economic slowdown factors into Biden-Xi meeting https://t.co/n8rlxGT9xk
As Biden and Xi meet, Asian manufacturing slowdown returns to a 2020 low, led by a softer China https://t.co/iFljxe8op9
Asia markets set to jump after soft U.S. inflation data https://t.co/ULq4gtwOiB