difficult to obtain
China has been difficult to reach in response to Washington’s eagerness to secure a summit, with Beijing claiming that Xi would only be able to attend if the U.S. demonstrated” enough sincerity.”
Republicans have criticized the Biden administration for taking advantage of Beijing, but the administration contends that the margins are so great that strong involvement, especially at the leadership level, is essential to containing hostilities and preventing disagreements between the nations over problems like Taiwan and the South China Sea from escalating into open issue.
Despite the challenges in achieving the mountain, China has been having financial problems despite years of rapid development. It has indicated that it wants friendlier relationships by agreeing to preliminary meetings, such as the nuclear arms power discussions that Washington has long sought.
Next year, protesters are anticipated in San Francisco, some to help Beijing and others to protest China’s history of human rights violations.
Biden and Xi did both perform in front of the audience and will greet another APEC officials, including those from Vietnam, the Philippines, Canada, and Mexico.
The US will try to sell itself as the most powerful economical companion for Asia, in contrast to a slowing China, according to trade expert Matthew Goodman, who served as White House coordinator for the previous US summit and hosted an APEC summit in 2011.
There are many worries about China’s monetary policies and problems in the area, according to Goodman. ” I do n’t think they’re going to explicitly try to twist the knife as it were, but I do believe they will attempt to demonstrate through comparison how well the US is doing.”
TRADE
The U.S. wo n’t ask APEC members to choose between Beijing and Washington, according to US Treasury Secretary Janet Yellen, who will meet with Chinese Vice Premier He Lifeng this week in San Francisco. She also acknowledged that while the US was becoming less reliant on China, it was” just not practical” to fully decouple their markets.
However, Washington has made it clear that it will support allies and partners in overcoming Beijing’s “economic coercion,” or the application of financial pressure to persuade nations to adopt Chinese policies. In the past, China has charged the US with the same offense.
Melanie Hart, a senior China policy adviser at the State Department, said on Monday that” Our door is open to any country or economy facing PRC ( People’s Republic of China ) economic coercive threats.”
A Pew Research Center surveys showing that Biden is winning the public mind fight over Xi and that the US is also regarded as the world’s top economic power by the majority of people in the 24 countries surveyed does encourage him.
The US leader will be eager to support that perception by demonstrating the success of the US-led Indo-Pacific Economic Framework for Prosperity, a program designed to increase relationship in Asia in order to compete with China.
However, according to industry experts, Washington has so far been unable to persuade Asia that it is anything other than a flimsy substitute for the fully developed regional business agreement that President Donald Trump left in 2017.
After China recently reported its first-ever monthly deficit in foreign direct investment, Xi will be excited to court US companies. According to two sources with knowledge of the plans, Xi was to be hosted for dining in San Francisco by U.S. enterprise organizations and think tanks for foreign policy.
Jude Blanchette, a China specialist at CSIS, told reporters that” Next week, we’re going to see several high-level activities between the Taiwanese and U.S.companies and investors, trying to signal that China is open for business.”
” Companies flocking to join with Xi Jinping and have dinner with him,” he said, may fall under that category.