Chinese President Xi Jinping Extends Hand of Cooperation to the US, Seeks Bilateral Ties

Benzinga

Chinese President Xi Jinping has expressed China's willingness to cooperate with the US in a letter to an event in New York. Xi called for more stable bilateral ties built on mutual respect, peaceful coexistence, and win-win cooperation. This comes as Chinese Foreign Minister Wang Yi prepares to visit Washington DC this week. The visit by Wang aims to pave the way for a possible meeting between Xi and Biden at the upcoming APEC summit in November. Experts comment that while both China and the US want to avoid regional wars, China's leverage may be limited and it remains to be seen how willing it is to use influence over issues like the Israel-Palestine conflict. Energy security is also a concern for China.

Transcript

00:00 It's Benzinga and here's what's on the block.

00:02 Chinese President Xi Jinping has expressed China's willingness to cooperate with the

00:06 U.S. in a letter to an event in New York.

00:08 Xi called for more stable bilateral ties built on mutual respect, peaceful coexistence, and

00:12 win-win cooperation.

00:14 This comes as Chinese Foreign Minister Wang Yi prepares to visit Washington, D.C. this

00:18 week.

00:19 The visit by Wang aims to pave the way for a possible meeting between Xi and Biden at

00:22 the upcoming APEC Summit November.

00:25 Experts comment that while both China and the U.S. want to avoid regional wars, China's

00:29 leverage may be limited and it remains to be seen how willing it is to use influence

00:33 over issues like the Israel-Palestine conflict.

00:35 Energy security is also a concern for China.

00:37 For all things money, visit Benzinga.com.

00:39 [BLANK_AUDIO]

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