Xi and Biden are meeting. There's a lot at stake for their economies
CNN
Managing America's relationship with its biggest economic frenemy is one of US President Joe Biden's toughest challenges.
So when he holds a virtual summit with President Xi Jinping later on Monday, issues like supply chains, subsidies and tariffs, a pullback in China's vast property sector and the global energy crunch could feature prominently in discussions.
The United States and China remain codependent, as American consumers snap up products manufactured in Chinese factories and companies scramble for parts sourced from Asia. Solving the climate crisis requires China's cooperation, while Wall Street money managers are drawn by the market's potential, even though many have been burned over the past year by a ferocious regulatory crackdown.
In her cameo in the 1996 comedy First Wives Club, Ivana Trump offers a witty post-divorce kernel of wisdom: “Don’t get mad, get everything.” The 2024 version of that sentiment, at least among a certain class of billionaire women, might tack on an addendum: Get everything, and give it all away as fast as humanly possible.