Author name: asiagroup

This week’s meeting between Xi Jinping and Joe Biden met the very low expectations that both sides telegraphed well in advance, effectively hitting the pause button on deteriorating bilateral relations and delivering a few modest agreements.

“Is this meeting going to improve the relationship? The answer is no, but that’s not the objective – the objective is to frame and contain the risks of it worsening,” said Kurt Tong, a former senior US diplomat in Asia who’s now a managing partner at the Asia Group. He characterized the results as “relatively small” deliverables.

Chinese President Xi Jinping visited the United States for the first time in six years this week, announcing with U.S. President Joe Biden a range of new collaborations between the world’s two biggest economies.

Presidents Joe Biden and Xi Jinping emerged from their first meeting in a year betting that a handful of small victories will arrest a surge in US-China tensions that has unnerved neighboring nations and threatened global economic growth.

TAG Managing Partner Amb. Kurt Tong joins Yahoo Finance to discuss the Biden-Xi meeting at APEC and how the United States and China could move forward on a new path of beneficial communication as global events develop.

Wednesday in San Francisco, President Biden met face-to-face with Chinese leader Xi Jinping for the first time in a year. The two leaders are announcing agreements on military communication and a crackdown on the Chinese chemicals used to make fentanyl.

It’s a pivotal moment in Cambodia’s history, and Charles Dunst joins the Democracy That Delivers podcast to discuss the leadership transition as Prime Minister Hun Sen hands power to his son Hun Manet.

Less than a decade ago, economic ties between India and China were strengthening. China became India’s largest trading partner, and when Xi Jinping visited India in 2014, Chinese officials were talking about the large investments in India to come. Today, however, Indian scrutiny and restrictions on a range of Chinese activities have increased, and geopolitical differences have exacerbated economic friction.

Executives from Microsoft Corp., Citigroup Inc., Exxon Mobil Corp. and other large multinationals are converging on San Francisco this week for an audience with Chinese President Xi Jinping and other Asian leaders as long-frosty US-China relations show only tentative signs of warming.

Topics explored include APEC, plastic pollution, Zoom meetings, former PM Cameron’s return, and more.