At the Asia-Pacific Economic Cooperation event outside San Francisco, President Joe Biden held talks with Chinese President Xi Jinping. The two leaders are aiming to strengthen the connection between the United States and China by focussing on topics like decreasing the entrance of fentanyl into the U.S., using artificial intelligence responsibly, and the corrective measures in place for Chinese access to advanced technology.
On Wednesday, U.S. President Joe Biden and Chinese President Xi Jinping held their first face-to-face meeting in a year on the sidelines of the Asia-Pacific Economic Cooperation conference outside of San Francisco. The summit was an attempt to strengthen communication between the two countries, which remain in a state of tension.At the start of the summit, Biden declared that competition between the U.S. and China should not lead to conflict. He also asserted that international issues, such as climate change, counter-narcotics, and artificial intelligence, require cooperation between the two countries.The two leaders were anticipated to address a variety of topics during the summit, including curbing flow of fentanyl to the U.S., the safe use of artificial intelligence, and U.S. limitations on Chinese access to advanced technology. As he began his remarks, Xi issued a statement that the U.S. and China must not turn their backs on each other and there is enough space in the world for the two countries to thrive.
In the recent days, there has been an increased display of amiability between the two countries. Ahead of the announced summit, the US and China declared their dedication to working together on climate issues. The quantity of direct air routes between the two nations is slowly increasing. Last month, Chinese purchasers of commodities signed the initial contracts since 2017 for the acquisition of US agricultural products. China's Ministry of Commerce revealed recently that it was accumulating information aiming to fix the discrepancy in the way foreign enterprises are dealt with compared to China's domestic companies which has been an issue of complaint from the business world. Furthermore, it is possible that China will use the meeting as a chance to announce their resolve to start buying 737 Max airplanes from Boeing, as an article from Bloomberg News suggests. However, Boeing refused to make any remarks.
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Xi arrived in the U.S. on Tuesday local time, marking his first visit to America since he attended a gathering with then-President Donald Trump at his Mar-a-Lago club in Florida in 2017. Moreover, the last time Xi met Biden was back in November 2022 when they both were in Bali, Indonesia, which was Biden's initial encounter with a Chinese leader since becoming the U.S. President. This year, Biden is running for a reelection. Furthermore, Xi obtained an unprecedented third term as president in March this year. -- CNBC's Rebecca Picciotto provided coverage.
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