Five Things You Need to Know to Start Your Day
Joe Biden speaks while meeting virtually with Xi Jinping, at the White House on Nov. 15, 2021.
Photographer: Sarah Silbiger/UPI/Bloomberg
Good morning. Here’s what people are are talking about today: Biden and Xi plan a face-to-face meeting, Apple sales surprise to the upside, and India is lapping up cheap Russian oil.
US President Joe Biden and Chinese President Xi Jinping told aides to plan an in-person meeting during a 2-hour call Thursday, which would be the first face-to-face between the men since Biden became president. During the conversation, the leaders warned one another about rising risks of a confrontation over Taiwan — Biden reiterated the US ‘One China’ policy, but warned Xi against military action to reunify the mainland and the island. Xi told Biden that China will “resolutely safeguard China’s national sovereignty and territorial integrity” and that “whoever plays with fire will get burnt.” Tensions over Taiwan have been exacerbated by US House Speaker Nancy Pelosi’s possible plans to visit the island. Pelosi is set to leave for an Asia-Pacific region trip Friday, but it’s still unclear whether it will include Taiwan.