Mazdak
1
- Xi and US President Joe Biden agree to better manage tensions and emphasize China’s desire for friendship.
- This reduces the risk of a crisis and military tensions.
- Xi receives a warm welcome from important US business leaders, showcasing China’s economic clout.
- Xi announces more measures to make China attractive to companies.
- Fresh data suggests that China’s economy is improving.
- A new political alignment in Taiwan increases the chances of a China-friendly leader taking power in January.
- The positive developments are seen as a success for Xi in signaling openness to investors and stabilizing his domestic situation.
- The week’s positive outcomes have led to a rise in Chinese stocks listed in Hong Kong.
- The Xi-Biden agreements exceed market expectations and provide a floor on political risk for Greater China assets.