A U.S. State Department official announced that "U.S. Secretary of State Antony Blinken will meet with Chinese President Xi Jinping today, Monday in Beijing." Blinken met with senior Chinese diplomat Wang Yi today, Monday, at the start of the second and final day of his rare visit to Beijing, aimed at preventing the many disputes between the competing powers from turning into conflict. Blinken is expected to meet with American business leaders in Beijing working in the fields of healthcare, automotive, and entertainment to learn more about the business climate in China. The world is closely watching Blinken's visit, which was postponed in February after a suspected Chinese spy balloon flew over U.S. airspace, as the escalating deterioration of relations between the two largest economies in the world may have global repercussions on financial markets, trade routes and practices, and global supply chains.