Biden and Xi’s Meeting Isn’t a Pivot. But It Is a Morsel of Good News for Investors.

President Joe Biden met with Chinese leader Xi Jinping Monday for more than three hours, providing another morsel of good news for jittery investors worried the tense relationship between the two countries had gone off the rails completely. The relationship has been spiraling into uncomfortable territory as both countries reassess their approach to the other, with policy watchers increasingly alarmed by the lack of channels for dialogue that could dial back escalations. This was the first in-person meeting between the heads of the world's two biggest economies.