The mood music accompanying Joe Biden’s virtual summit with Xi Jinping was a loudly ticking clock.
Time is most certainly not on the side of US President Biden as inflation appears to rise as quickly as his poll numbers tank. Economic angst – and political gridlock – clouds his ability to put wins on the reform scoreboard ahead of Congressional elections a year from now.
The ticking Xi hears is that of a closing window to ensure today’s upswing in Chinese markets is backed up by fundamentals ahead of his long-planned coronation as the first three-term Chinese leader.
As Covid-19 risks flare up anew, domestic default risks abound and global recoveries disappoint, Xi is juggling more challenges than ever before.
To continue reading, please log in to your AT+ Premium account. Not yet a member? Please signup for AT+ Premium monthly membership, AT+ Premium yearly membership, AT+ Premium yearly membership (educator), AT+ Premium yearly membership (student) or AT+ Premium Access membership.
