The China Puzzle
Assessing Macro Risks
Over the weekend, and unannounced, National Security Advisor Jake Sullivan and China’s Foreign Minister Wang Yi met in Malta. The official US readout is here: Speculation was that this was preparation for a possible Xi-Biden Summit at the APEC meeting in San Francisco in November.This week Sullivan and Secretary of State Antony Blinken both met with China’s Vice President Han Zheng on the sidelines of the UN General Assembly meetings in New York, providing additional momentum for a summit. Wang Yi will now visit Washington next month, becoming the highest ranking Chinese official to visit the capital since the pandemic began.