What Does This Year’s G20 Summit Mean for the Markets?


A face-to-face meeting between Chinese President Xi Jinping and US President Joe Biden took place for the first time since 2017. They discussed their joint commitment to charting a new course towards a better bilateral relationship during a side event at the G20 summit in Bali, Indonesia.

Alex Doonanco, Director of Strategic Projects at the North American Ecosystem Institute, gives his perspective on what this year’s G20 Summit might mean for the markets:

Alex’s Thoughts on the G20 Summit

“As we know, Chinese President Xi Jinping, and President Biden opened up this year’s G20 Summit in Bali with a three-hour face-to-face conversation, the first of its kind in Biden’s presidency. Now, what does this mean for the bilateral relationship and what does this mean for the markets? First looking at the idea of the conversation as a whole this is a good sign from the respect of diplomacy and potential military conflict cooling up that side.

However, if we look at the markets, I think there’s a really key principle that was really repeated and reiterated throughout the conversation, which is that both parties agreed not to unilaterally disrupt the status quo. However, I think we can all agree that the existing status quo is quite troubling, especially when we look at the trade war that has already been very destructive to each economy, respectively.”

Follow us on social media for the latest updates in B2B!


California storms farmers
California Storms Have Farmers Rushing to Avoid Crop Shortfall
January 28, 2023

(Bloomberg) — California farmers are facing costly damages from weeks of severe California storms that may trigger more expensive US fruits and vegetables in a time of massive food inflation. “The numbers are going to be somewhere in the hundreds of millions and perhaps in the billions,” Dave Puglia, head of the trade group Western […]

Read More
achieve your vision
Finding and Keeping Great People to Help Achieve Your Vision
January 27, 2023

José Andrés, Chef and Founder of World Central Kitchen, once said, “The business of feeding people is the most amazing business in the world.” While this rings true for many chefs and restaurant owners, the last several years have put businesses in delicate financial situations and has resulted in numerous closures across the […]

Read More
Public Libraries are Protecting Against Censorship and Introducing E-Sports
January 27, 2023

Within the last six to eight years, what qualifies as fact-based information has been challenged by several political groups and debates. Advocacy for censorship has been on the rise; this is especially true for young adult books involving LGBTQ+ themes and books centering around people of color. While censorship demands were predominately held in […]

Read More