In an ongoing effort to alleviate tensions between China and the United States, U.S. National Security Advisor Jake Sullivan and Chinese Foreign Minister Wang Yi are expected to meet in Bangkok this weekend, while they're both in the city meeting separately with Thai officials.
This is the first high-level encounter between Washington and Beijing since the summit between Presidents Joe Biden and Xi Jinping on the sidelines of APEC in November, marking the commitment made by both sides to maintain strategic communication and responsibly manage the relationship.
Wang and Sullivan quietly met in Vienna and Malta last year, which were pivotal moments in paving the way for the Xi-Biden Summit. In line with their past low-key exchanges, the low public profile of this meeting will allow the two officials to discuss "sensitive issues with confidence the exchange will remain private," said Ryan Hass, a China expert at the Brookings Institution.
He also noted that as Sullivan and Wang have invested considerable time together, "they understand each other's constraints and priorities," allowing them to "deepen their discussions with each passing exchange, rather than repeat talking points to each other."
The meeting also follows Lai Ching-te's victory in the Taiwan presidential elections, and after Washington's recent pressure on Beijing to persuade Tehran to rein in Yemen-based Houthi rebels, responsible for recent attacks on ships in the Red Sea.
In reference to the meeting, Chinese foreign ministry spokesperson Wang Wenbin said Wang Yi "will make clear China's position on China-U.S. relations and the Taiwan issue, and exchange views with the U.S. on international and regional issues of mutual concern."
He also emphasized China's active involvement in addressing the Red Sea conflicts, stating that the country has been in "close communication with all parties concerned" and is actively working to de-escalate the situation, following calls for calls for the maintenance of supply chains and the international trade order.
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The number of people expected to be in China's middle-income bracket in the next decade.
Read more in "Weaponizing Markets," by Dan Steinbock, Founder of Difference Group.
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