US President Joe Biden and China’s President Xi Jinping’s three-hour virtual talk concluded with an agreement to tread carefully as their nations find themselves in an increasingly fraught competition.
Facing domestic pressures at home, Mr Biden and Mr Xi seemed determined to lower the temperature in what for both sides is their most significant – and frequently turbulent – relationship on the global stage.
“As I’ve said before, it seems to me our responsibility as leaders of China and the United States is to ensure that the competition between our countries does not veer into conflict, whether intended or unintended,” Mr Biden told Mr Xi at the start of their virtual meeting on Monday.
“Just simple, straightforward competition.”
The White House set low expectations for the meeting, with no major announcements or statements delivered.
Mr Xi greeted his “old friend” and echoed Mr Biden’s cordial tone in his own opening remarks.
“China and the United States need to increase communication and co-operation,” he said.
The relationship has been tense since Mr Biden strode into the White House in January and made several accusations against Beijing, including human rights abuses against the Uighurs in north-west China and the suppression of democratic protests in Hong Kong.
Mr Xi’s deputies, meanwhile, have criticised the Biden administration for interfering in what they consider internal Chinese matters.
The White House said Mr Biden again raised concerns about human rights in China and made clear he sought to “protect American workers and industries from the PRC’s unfair trade and economic practices”.
The two also spoke about key regional challenges, including North Korea, Afghanistan and Iran.
The leaders agreed to work on organising talks between nuclear-armed nations that would focus on arms control.
"President Biden did raise with President Xi the need for a strategic stability set of conversations," National Security Adviser Jake Sullivan said on Tuesday, using an expression employed in diplomatic circles to indicate arms control.
"The two leaders agreed that we would look to begin to carry forward discussions," he said in comments made at the Brookings Institution think tank in Washington.
In addition, a consensus on journalist visas was reached before the virtual summit, the official China Daily newspaper reported late on Tuesday, citing unnamed Chinese foreign ministry sources.
Under the agreement, the US will issue one-year, multiple-entry visas to Chinese journalists, the newspaper said, and added that the Chinese side has committed to granting equal treatment to US journalists once the US policies come into force.
Both countries will issue visas to journalists based on applicable laws and regulations, it said, and journalists will be able to freely depart and return under strict compliance with Covid-19 protocols.
Powers under pressure
As US-China tensions have mounted, both leaders have found themselves under the weight of increased challenges in their own countries.
Mr Biden, whose poll numbers have diminished amid concerns about the Covid-19 pandemic, inflation and supply chain problems, was looking to find a measure of equilibrium on the most consequential foreign policy matter he faces.
Mr Xi, meanwhile, is facing a Covid-19 resurgence, energy shortages and a looming housing crisis that US officials worry could affect the global market.
“Right now, both China and the United States are at critical stages of development, and humanity lives in a global village, and we face multiple challenges together,” Mr Xi said.
News agencies contributed to this report
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What are NFTs?
Are non-fungible tokens a currency, asset, or a licensing instrument? Arnab Das, global market strategist EMEA at Invesco, says they are mix of all of three.
You can buy, hold and use NFTs just like US dollars and Bitcoins. “They can appreciate in value and even produce cash flows.”
However, while money is fungible, NFTs are not. “One Bitcoin, dollar, euro or dirham is largely indistinguishable from the next. Nothing ties a dollar bill to a particular owner, for example. Nor does it tie you to to any goods, services or assets you bought with that currency. In contrast, NFTs confer specific ownership,” Mr Das says.
This makes NFTs closer to a piece of intellectual property such as a work of art or licence, as you can claim royalties or profit by exchanging it at a higher value later, Mr Das says. “They could provide a sustainable income stream.”
This income will depend on future demand and use, which makes NFTs difficult to value. “However, there is a credible use case for many forms of intellectual property, notably art, songs, videos,” Mr Das says.
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Who has been sanctioned?
Daniella Weiss and Nachala
Described as 'the grandmother of the settler movement', she has encouraged the expansion of settlements for decades. The 79 year old leads radical settler movement Nachala, whose aim is for Israel to annex Gaza and the occupied West Bank, where it helps settlers built outposts.
Harel Libi & Libi Construction and Infrastructure
Libi has been involved in threatening and perpetuating acts of aggression and violence against Palestinians. His firm has provided logistical and financial support for the establishment of illegal outposts.
Zohar Sabah
Runs a settler outpost named Zohar’s Farm and has previously faced charges of violence against Palestinians. He was indicted by Israel’s State Attorney’s Office in September for allegedly participating in a violent attack against Palestinians and activists in the West Bank village of Muarrajat.
Coco’s Farm and Neria’s Farm
These are illegal outposts in the West Bank, which are at the vanguard of the settler movement. According to the UK, they are associated with people who have been involved in enabling, inciting, promoting or providing support for activities that amount to “serious abuse”.
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