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...President Joe Biden raised the issue directly with President Xi Jinping in a phone call on Tuesday....
...“He is also sending a message to Biden, whose hands are tied down by Gaza, Ukraine, etc: Don’t worry about the Taiwan Strait, I’m not giving you any trouble on this.”...
...So that’s where I expect the extra spending to go,” Heron Lim, economist with Moody’s Analytics, said. “A stimulus ‘bazooka’ as it has been traditionally designed, I don’t think will come.”...
...“I don’t think Li Qiang can do this. It is just impossible. It would have to be up to Xi Jinping”....
...And here’s what else I’m keeping tabs on today: Federal Reserve: Governor Christopher Waller will deliver remarks about the economic outlook before the Economic Club of New York....
...“I saw a lot more CEOs at the CDF and they were a lot more vocal.”...
...“I mean, there were trillions of dollars of revenue in there. So it was a lot of money and a lot of people who are invested and have to decide: will they increase their investment?...
...Li portrays Xi as a detail-orientated leader with a thirst for first-hand knowledge. In a meeting that Li attended, Xi is quoted as saying: “I want to taste the steam bun myself....
...And Jude, how does the slowing economy affect the way that Xi is dealing both with China and the world? What’s your view on that?...
...This week, I intend to address that far bigger one: is Xi-ism killing Deng-ism? A number of informed people I met were extremely gloomy, especially about prospects for the private sector....
...Only belatedly did I recall that this comforting sentiment is the opening line of The Godfather....
...He does not want to see conflict flare up with China before his reelection campaign next year. And I think that the purpose of this summit is clearly, sort of, aimed at that....
...“Who am I?” asks a mysterious voice. “I am this silhouette by your side . . . I face the ever-changing world and the surging tide of darkness.”...
...Lavrov backed China’s peace plan for Ukraine, which does not condemn Russia for the invasion and largely parrots Kremlin talking points on the war....
...“I would assume that it is at least a double-digit [year-on-year] rate of growth overall,” he said....
...“I hope we can work together to pave the way for a brighter future of Japan-China relations for the next generation,” Kishida told Xi late on Thursday....
...What does it mean for people employed by the coal sector? All of those are open questions.”...
...“What does that mean for the rest of the world? Does that bring more deflation or overcapacity pressure? I think it is plausible,” Xing said....
...“We have to ensure that competition does not lead to conflict,” Biden told Xi as the meeting began, adding that the countries could work together on issues ranging from artificial intelligence to the climate...
...Richard McGregorWell, I’m in the volatility camp. You know, I think that yes, obviously Xi is the boss....
...Xi cannot afford to add a foreign policy crisis to China’s domestic malaise. I doubt Biden will want to be helpful to him on the latter....
...If Xi Jinping prioritises internal stability over economic growth, China will truly justify the label given by some western fund managers — “uninvestable”. The question is: does the president care?...
...The fact that China is acknowledged as most influential does not mean acceptance of them, similarly if it were the US.”...
...“I think investors have become more receptive [to buying SOE stock] but it’s certainly not a consensus, well-owned theme yet,” she said....
...“I’ve made clear that President Biden and I will not accept that reality again,” she said....
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