The US has asked China to dump crude oil from its government reserves into the market to stabilize fuel prices in the US market and help ease US inflation. This was reported on November 17 by the Hong Kong South China Morning Post, citing sources familiar with the negotiations between President Joe Biden and Chinese President Xi Jinping. The Chinese Foreign Ministry neither confirmed nor denied this information.
As follows from the publication, the corresponding request was first made by US Secretary of State Anthony Blinken in his conversation with Chinese Foreign Minister Wang Yi on the eve of the Biden-Xi meeting via video link on November 16. Then this topic was raised in the conversation between the two leaders, but was not included in the transcript.
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