- Taiwan question is the first red line that must not be crossed in China-US relations
I don't think Xi is going to echo the 'strategic competition' line from the US. Surely there will be more of this but I don't think the market is overly concerned for the moment.
In another interesting line, he said it was in the US and China's mutual interest to promote a post-covid global recovery. That's odd language since China certainly isn't in a post-covid phase and the market is eagerly awaiting a signal on when that is coming.
