CNBC reports that former Australian Prime Minister Kevin Rudd said that the meeting between U.S. and Chinese officials this week in Alaska is unlikely to produce any major breakthroughs.
U.S. Secretary of State Antony Blinken and national security advisor Jake Sullivan will hold high-level, in-person talks on Thursday with China’s Yang Jiechi, a member of the Communist Party’s top decision-making body, and Wang Yi, the foreign minister. It will be the Biden administration’s first high-level meeting with Chinese officials.
“It’s more likely to be a dialogue about dialogue rather than substantive problem-solving,” said Rudd.
The two countries are searching for a new strategic narrative to govern their bilateral relationship, which structurally has become “more problematic” due to the shifting balance of power between Washington and Beijing, according to Rudd. He explained that China’s rising influence has made the two superpowers fierce rivals in areas of trade, investment, technology, capital markets, influence as well as ideology.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.