INSEAD Day 4 - 728x90

Salik profit slips in H1

The company said traffic recovery supported resilience.

Alpha Dhabi profit jumps 48%

AI and technology investments boost earnings.

Agthia profit, dividend jump

Transformation lifts earnings, cash generation.

2PointZero reports strong H1

Expansion drives earnings, revenue growth.

Borouge profit climbs 23%

Prices, recovery boost quarterly earnings

US dispatches envoys to China in order to repair ties

China's President Xi Jinping and US President Joe Biden. (AFP)
  • Biden left his meeting with Xi proclaiming that there need not be a new Cold War, while Xi told Biden the two countries "share more, not less, common interests"
  • The United States and China are the two largest economies in the world, spend more than any other nations on their militaries and are locked in fierce strategic competition

Washington, United States —The US government is sending its first high-level delegation to China since a pledge made last month by Chinese leader Xi Jinping and US President Joe Biden to repair frayed relations.

Assistant Secretary of State for East Asian and Pacific Affairs Daniel Kritenbrink will join National Security Council Senior Director for China and Taiwan Laura Rosenberger on the December 11-14 trip.

The two will visit China, South Korea and Japan.

Also read: Xi, Harris meet briefly, call for US-China communication

In China, Kritenbrink will follow up on Biden’s meeting in Bali last month with Xi in which the pair pledged “to continue responsibly managing the competition between our two countries and to explore potential areas of cooperation”, the State Department said.

Kritenbrink will also prepare for Secretary of State Antony Blinken’s visit to China in early 2023, the first visit by the top US diplomat in four years, it added.

The United States and China are the two largest economies in the world, spend more than any other nations on their militaries and are locked in fierce strategic competition.

Also read: China expects improvement in relations with US after Xi-Biden meet

In their Bali meeting, the two leaders discussed contentious issues, including Taiwan’s future, US restrictions on Chinese high-tech imports and China’s moves to expand its influence around the world.

Biden left his meeting with Xi proclaiming that there need not be a new Cold War, while Xi told Biden the two countries “share more, not less, common interests”.