Seeking Progress: The Bloomberg Open, Asia Edition

Good morning. Xi and Biden look to promote bilateral ties. A deadly earthquake hits Japan. And China’s factory contraction deepens.

Xi Jinping told Joe Biden in a letter to mark 45 years of diplomatic ties that their nations should strive for “peaceful coexistence.” Biden wrote that he looks forward to building on meetings and discussions to continue to advance the Sino-US relationship. Meanwhile, the Chinese leader pledged to strengthen economic recovery and job creation.