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.
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Topics explored include APEC, plastic pollution, Zoom meetings, former PM Cameron’s return, and more.
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Debbie Yong is a Senior Strategist focusing on the Asia-Pacific region at WGSN, a consumer-trend forecasting company. She previously worked as the Editorial Director of the Michelin Guide in Asia and the Middle East, a China media analyst for BBC Monitoring, and a reporter for the Straits Times and the Business Times in Singapore. In
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The dinner is Xi’s “reassurance tour,” and business leaders would look to him to set expectations for how foreign companies would be treated in China, said Nirav Patel, chief executive of consultancy The Asia Group.
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Asian leaders coming to San Francisco summit will be looking to make trade deals.
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Outside voices: Measuring, skeptically, the Biden trade agenda
November 10, 2023 at 8:00 AM
“Count me skeptical,” writes Mark Linscott, senior fellow at the Atlantic Council’s South Asia Center, about potential for the administration’s “signature effort in Asia,” the Indo-Pacific Economic Framework for Prosperity, to deliver on its promises “to fill the vacuum left by abandonment of what is now the Comprehensive and Progressive Trans-Pacific Partnership.”
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Tong, a former U.S. ambassador to APEC and consul general and chief of mission in Hong Kong and Macau, expects no big agreements from a Biden-Xi meeting. However, he said it would be “extraordinarily important.”
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In recent years, global trade relationships have shifted substantially, in many ways reversing a decades-long multilateral drive toward more open trade. I know how dizzying these shifts have been from my own experience as a US trade negotiator over the past three decades. It’s too early to tell whether these shifts are a temporary setback or, instead, a terminus for the multilateral trading system, but it’s not too soon to assess how US policies are faring amid these changes.
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The innovation arms race won’t be limited to emerging technologies and the semiconductors critical for their performance, according to The Asia Group president Rexon Y. Ryu.
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The mini summit will be “a critical means to be able to prevent miscalculation from occurring based on a growing set of challenges between the two militaries and it would be disastrous if the meeting somehow was canceled,” said Nirav Patel, former deputy assistant secretary of State in the Obama administration and currently the CEO of the U.S.-based Asia Group consultancy.
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