CHINA’S ECONOMIC HIT
At the same time, Beijing’s business is taking a thick struck from Biden’s steps on business, including a plan to limit US expense in Chinese artificial intelligence, quantum computing and semiconductors and export restrictions on high-end computer chips. According to US leaders, all of those subjects are anticipated to be covered in the discussions.
China frequently refutes US hacking claims, views Taiwan as an internal dispute, and opposes British statements regarding Sino-Russian business. The Chinese Embassy in Washington’s spokeswoman declined to comment.
Our relationship may advance significantly when the two countries treat each other as partners and friends, pursue common ground, settle differences, and support one another’s success, Xi said during a continuous meeting with Biden.
” But if we take each other as foes or attack, do violent opposition, and seek to hurt each other, we would inflame the relationship or even set it back”.
Jake Sullivan, the vice president’s spokesman for Biden’s national security, described the move as” a period where opponents and competitors can see potential chance.” Through this change between the United States and China, Biden and Xi must “maintain security, quality, and predictability.”
Shen Dingli, a Shanghai-based international relations scholar, said China wants the appointment to ease tensions during the transition phase. Before Trump publicly takes office, Shen remarked that” China does not want relations with the United States to be in jeopardize.”
The impact of Trump’s re-election as US senator on January 20 is being considered by Pacific Rim officials at the APEC mountain. The South American mountain demonstrates once more how difficult it is for the United States to exert influence in its own yard, where China is on a beauty offensive.
Xi, who arrived in Lima on Thursday, intends to conduct a week-long political campaign in Latin America, including a new free-trade deal with Peru, the opening of a large Chancay deep-water interface it, and a state visit to Brazil’s capital the following week. China also announced that it would host the 2026 APEC summit.
China is seeking Latin America’s metal ores, soybeans, and other commodities, but US officials worry they may also be looking for new US-adjacent military and intelligence outposts. The state-backed media in China has described those accusations as offensive.
According to a US official, Washington has a strong commitment to the region and that Chinese investment in overseas infrastructure has declined recently due to project problems and domestic challenges.
However, according to Ryan Berg, director of the Center for Strategic and International Studies ‘ Americas Program, Xi will likely receive a warm welcome there.
Xi Jinping’s trip will be overshadowed very clearly by everything he’ll be doing when he visits APEC, he said. When Xi speaks with Biden, Biden’s audience is not just the White House or the US government. It’s about American CEOs and continuing US investments in China, or attempting to rekindle US investments to dispel the myth that the country has a hostile business climate.