UK markets closed
  • NIKKEI 225

    28,084.47
    +636.47 (+2.32%)
     
  • HANG SENG

    28,027.57
    +308.87 (+1.11%)
     
  • CRUDE OIL

    65.48
    +0.11 (+0.17%)
     
  • GOLD FUTURES

    1,845.90
    +7.80 (+0.42%)
     
  • DOW

    34,382.13
    +360.73 (+1.06%)
     
  • BTC-GBP

    32,658.91
    -1,935.55 (-5.59%)
     
  • CMC Crypto 200

    1,398.33
    +39.77 (+2.93%)
     
  • ^IXIC

    13,429.98
    +304.98 (+2.32%)
     
  • ^FTAS

    4,012.07
    +45.99 (+1.16%)
     

Xi to attend Biden's climate change summit

China's President Xi Jinping will attend a U.S.-led climate change summit on Thursday.

It will be the first meeting between Xi and Biden since the advent of the new U.S. administration.

One of Biden's first moves since taking office was to re-enter the United States into the 2015 Paris Agreement.

The need to tackle climate change has been one of the few issues Washington and Beijing have been able to agree on.

They continue to be at loggerheads over alleged human rights abuses and China's economic clout over other nations.

Last week, U.S. climate envoy John Kerry traveled to Shanghai to meet with his Chinese counterpart.

It was the first high-level visit to China by a Biden administration official, and both agreed concrete actions to reduce emissions.

China's foreign ministry says Xi will attend the summit via video and will deliver a speech.

He's one of dozens of world leaders Biden has invited to the two-day virtual event.