Biden aide and Chinese diplomat held hours of constructive talks in Malta

Lallalit Srijandorn FXStreet

Beijing and Washington announced on Sunday that White House national security adviser Jake Sullivan conferred with Chinese Foreign Minister Wang Yi for hours over the weekend in Malta, as the world's two largest economies strive to stabilize troubled relations, per Reuters.

The meeting between Sullivan and Wang was the latest in a series of high-level talks between U.S. and Chinese officials that could pave the way for a meeting between US President Joe Biden and Chinese President Xi Jinping later this year.

The United States informed China that it was willing to collaborate on counter-narcotics, artificial intelligence, and climate change while expressing concern over unspecified Chinese support for Russia and Beijing's recent deployment of fighter jets across the Taiwan Strait.

Market reaction

This headline had little to no impact on the Aussie's performance against its rivals. AUD/USD was last seen trading at 0.6435, gaining 0.07% on the day.

Author

Lallalit Srijandorn

FXStreet

Lallalit Srijandorn is a Parisian at heart. She has lived in France since 2019 and now becomes a digital entrepreneur based in Paris and Bangkok.

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