Business Lessons From Blinken’s Trip to China
Summary
Worries about China’s economic recovery sent stocks and U.S. futures lower on Tuesday morning, despite a promising meeting on Monday between the country’s top leader, Xi Jinping, and Secretary of State Antony Blinken in Beijing. “For international investors, this is not enough to trigger any sort of rethink with regard to the Chinese market.” The Biden administration, he said, would continue screening strategic investments into China and Beijing showed no signs of easing pressure on foreign firms operating in the country. Awareness of how challenged that is was probably one of the main issues that created a more communicative China, one that is willing to show just a bit of compromise at the moment,” said Kerry Brown, a professor of Chinese studies at King’s College London and a former British diplomat in Beijing. • None Beijing is reportedly planning to build a military training facility in Cuba, according to The Wall Street Journal, sparking alarm in Washington that Chinese troops could be stationed 100 miles off the coast of Florida. United Talent Agency, whose A-list clients range from the actor Timothée Chalamet to the singers Post Malone and Lizzo, is expanding further into media and sports by acquiring James & Co., an executive search firm specializing in the sector, for an undisclosed amount, DealBook’s Lauren Hirsch is first to report.