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.
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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.
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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.
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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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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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