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☆ Russia relishes divisions between China and the U.S., pouring cold water on Xi-Biden talks
▼ + stars: | 2023-11-15 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +8 min

Russian President Vladimir Putin speaks during his press conference at the Konstantin Palace on July 29, 2023 in Saint Petersburg, Russia. Russian media have already reveled in pouring cold water on the Asia-Pacific Economic Cooperation (APEC) summit where Xi and Biden are due to meet Wednesday. Russian President Vladimir Putin was not invited due to U.S. sanctions so Deputy Prime Minister Alexei Overchuk is representing Russia at the summit. A range of Russian newspapers including Kommersant, Izvestia, Argumenty i Fakty, Nezavisimaya Gazeta and Komsomolskaya Pravda did not feature any news on the APEC summit or Xi-Biden talks. China's President Xi Jinping and U.S. President Joe Biden at the G20 Summit in Nusa Dua on the Indonesian island of Bali on Nov. 14, 2022.

Persons: Vladimir Putin, Konstantin, Xi Jinping, Joe Biden, Xi, Biden, Katherine Tai, Tai, David Paul Morris, Xi's, Alexei Overchuk, Dmitry Peskov, Kamala Harris, Kent Nishimura, Komsomolskaya, Putin, — Xi, Sergei Guneyev, Ian Bremmer, Saul Loeb Organizations: Getty, U.S, Economic Cooperation, Novosti, APEC, U.S . Trade, Russian Federation, San Francisco International Airport, American, Bloomberg, Getty Images Bloomberg, Israel, Kremlin, SAN FRANCISCO, Merchant Exchange Club, Tass, Kommersant, Izvestia, Gazeta, Komsomolskaya Pravda, Sputnik, AFP, West, Analysts, Eurasia Group, China's, Afp Locations: Saint Petersburg, Russia, Russian, San Francisco, China, Beijing, Washington, Moscow, Asia, United States, San Francisco , California, Ukraine, Pacific, U.S, CALIFORNIA, Taiwan, Nusa Dua, Indonesian, Bali

WOODSIDE, Calif. (AP) — President Joe Biden and Chinese President Xi Jinping greeted each other with a warm handshake Wednesday as they met on the sidelines of the Asia-Pacific Economic Cooperative conference. The two leaders last spoke a year ago, and since then, already fraught ties between the nations have been further strained. Biden and Xi were speaking behind closed doors at the Filoli Historic House and Garden, which features a Georgian revival-style mansion and a formal, English Renaissance-style garden. The pair opened their face-to-face meeting in the San Francisco Bay area with a solid handshake. The two leaders made the comments Wednesday after shaking hands in their first face-to-face meeting in more than a year.

Persons: Joe Biden, Xi Jinping, Xi, Biden, Michael Douglas, Bourn, Roth, David Fincher’s, Douglas, ’ “ I’m, ”, “, haven’t, ” Biden, ” Xi, they’re, Wednesday's, Aamer Madhani Organizations: Pacific Economic Cooperative, APEC, Biden, Trust for Historic, Biden Biden, U.S, Moscone Center, Tibet, CCP, Chinese Communist Party, White, Xi, Associated Press Locations: WOODSIDE, Calif, Asia, East, Europe, Taiwan, China, Francisco, Woodside , California, San Francisco, United States, San Francisco Bay, Hong Kong, “ Tibet, Bali

That has been a sticking point for the United States in months of discussions with Beijing on climate change. The United States and China have an outsize role to play there as nations debate whether to phase out fossil fuel. That is significant because the current Chinese climate goal addresses only carbon dioxide, leaving out methane, nitrous oxide and other gases that are acting as a blanket around the planet. Then, early this year, an American fighter jet shot down a Chinese spy balloon that had floated over the continental United States. When it comes to climate change, no relationship is as important as the one between the United States and China.

Persons: Biden, Xi Jinping, ”, David Sandalow, Clinton, Obama, Sandalow, they’re, Mr, John Kerry, Xie Zhenhua, “, Xi, Manish Bapna, ” Mr, Bapna, Kerry, Xie, Valerie Volcovici, Nancy Pelosi, Kerry’s, optimistically, . Biden, Donald Trump, Keith Bradsher Organizations: Hamas, Columbia University’s Center, Global Energy, International Energy Agency, U.S ., Cooperation, Natural Resources Defense Council, Beijing, Republican Locations: Bohai, Weifang, China, United States, Taiwan, Ukraine, Israel, Beijing, Dubai, United Nations, United Kingdom, U.S, California, ”, Europe, American, America

The two leaders, who will meet on the sidelines of a summit of Asian-Pacific leaders, last spoke a year ago. Both men are seeking to show the world that while the U.S. and China are economic competitors, they are not locked in a winner-take-all faceoff with global implications. Their relationship has been increasingly defined by differences over export controls, Taiwan and the conflicts in the Middle East and Europe. Xi, meanwhile, is looking for assurances from Biden that the U.S. will not support Taiwan independence, start a new cold war or suppress China’s economic growth. “It is reported he’s very worried about the negative opinion of China in the United States,” Schumer said.

Persons: Joe Biden, Xi, Biden, John Kirby, “, We’re, ” Kirby, He's, Chuck Schumer, ” Schumer, Sagar Meghani Organizations: FRANCISCO, U.S, Economic Cooperation, White, Tuesday, National, State Department, APEC, Monetary Fund, Labor Department, Biden, Associated Press Locations: China, U.S, Iran, Taiwan, California, Asia, San Francisco, East, Europe, Tehran, Israel, Washington, Beijing, “, United States

☆ Morning Bid: Inflation on the ropes, shutdown averted
▼ + stars: | 2023-11-15 | by ( ) www.reuters.com time to read: +5 min

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., September 26, 2023. Much like then, the sheer scale of the yield swoon has stoked bond volatility gauges (.MOVE) too. What's more, a quarter point rate cut by May is now 80% priced and 100bps of easing through 2024 is now baked in. U.S. corporate news stays on retail later as Target reports earnings, following a beat by Home Depot on Tuesday. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

Persons: Brendan McDermid, Mike Dolan, Xi Jinping's, Joe Biden, Russell, Austan Goolsbee, Berkshire Hathaway, Warren Buffett, Michael Barr, Thomas Barkin, Jonathan Haskel, Xi Jinping, Bernadette Baum Organizations: New York Stock Exchange, REUTERS, Wall, Chicago Fed, Bank of America, Home Depot, Berkshire, General Motors, Procter, Gamble, Richmond Fed, Bank of England, APEC, Cisco Systems, Palo Alto Networks, Reuters, NFIB, Reuters Graphics Reuters, Thomson Locations: New York City, U.S, Wall, UK's, York, San Francisco

☆ China objects to US proposal for APEC trade and investment policies -source
▼ + stars: | 2023-11-15 | by ( David Lawder | ) www.reuters.com time to read: +2 min

[1/2] U.S. Trade Representative Ambassador Katherine Tai speaks during an APEC Ministerial Meeting (AMM) Opening Session in San Francisco, California, U.S., November 15, 2023. REUTERS/Brittany Hosea-Small Acquire Licensing RightsSAN FRANCISCO, Nov 15 (Reuters) - China is objecting to a U.S. proposal for Asia Pacific Economic Cooperation members to incorporate sustainability and inclusivity into their trade and investment policies, a source briefed on the negotiations said on Wednesday. Talks on the issue were continuing at the APEC summit in San Francisco to try to find language that the group's 21 member states could agree on, the source said. U.S. Trade Representative Katherine Tai told a trade-focused plenary meeting she hoped the proposal, dubbed by the Biden administration as the "San Francisco Principles for Integrating Inclusivity and Sustainability into Trade and Investment Policy" could be still be finalized. Nonetheless, I remain optimistic that economies will finalize the San Francisco Principles soon."

Persons: Katherine Tai, Brittany Hosea, Biden, Tai, Joe Biden, Xi Jinping, David Lawder, Jonathan Oatis Organizations: . Trade, REUTERS, FRANCISCO, Asia Pacific Economic Cooperation, APEC, San Francisco, Trade, Investment, European Union, Thomson Locations: San Francisco , California, U.S, China, San Francisco

☆ Very important for Xi Jingping to stabilize U.S.-China relations, says CFR's Zoe Liu
▼ + stars: | 2023-11-15 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailVery important for Xi Jingping to stabilize U.S.-China relations, says CFR's Zoe LiuZongyuan Zoe Liu, Council on Foreign Relations Fellow, discusses President Biden and Xi Jingping's expected meeting at the APEC Summit today.

Persons: Xi Jingping, Zoe Liu Zongyuan Zoe Liu, Biden, Xi Organizations: Foreign Relations, APEC Locations: China

China detained the executive, named in several media reports as Hiroshi Nishiyama, on suspicion of espionage in March, and he was formally arrested last month. Japan's then foreign minister protested the executive's detention with his Chinese counterpart on a visit to Beijing in April. China's foreign ministry did not immediately respond to a request for comment. Half the respondents in a recent survey of Japanese companies doing business in China said they would cut investments this year. It's a very difficult point in time to be navigating that as a decision maker, in business or politics," he said.

Persons: Fumio Kishida, Xi Jinping, Rahm Emanuel, Hiroshi Nishiyama, Japan's, Xi, Masashi Mizobuchi, Nishiyama, Takeshi Niinami, Niinami, Stefan Angrick, Yukiko Toyoda, Kiyoshi Takenaka, John Geddie, Sakura Murakami, Francis Tang, Laurie Chen, Antoni Slodkowski, Andrew Silver, Lincoln Organizations: Economic Cooperation, Kyodo, drugmaker Astellas Pharma, APEC, Reuters, Japanese Chamber of Commerce, Japan Association of Corporate, Suntory, Moody's Analytics, Thomson Locations: Asia, Bangkok, Thailand, TOKYO, BEIJING, China, San Francisco, Tokyo, U.S, Japan, Beijing, officialdom, Shanghai

It also slightly raised its 2023 forecast for growth in global oil demand and stuck to its relatively high 2024 prediction. Last week, oil prices slid to their lowest level since July, hurt by concerns that demand could wane in in top oil consumers U.S. and China. A U.S. crackdown on Russian oil exports could potentially disrupt supply, supporting prices further. Iraq's oil minister expects to reach an agreement with the Kurdistan Regional Government and foreign oil companies to resume oil production from the Kurdish region's oilfields and resume northern oil exports through the Iraq-Turkey pipeline. Focal points for the market include the International Energy Agency's latest monthly oil market report later in the day.

Persons: Dun Jiao, Tatiana Meel, Leon Li, Emily Chow, Edwina Gibbs, Stephen Coates Organizations: REUTERS, Rights, Brent, ING, Organization of, Petroleum, Strategic Petroleum Reserve, U.S . Treasury Department, Kurdistan Regional Government, of Commerce, International Energy, APEC, Markets, Thomson Locations: Nakhodka, Russia, Rights SINGAPORE, U.S, China, Washington, Moscow, Iraq, Kurdish, Turkey, Shanghai

Taiwan's President Tsai Ing-wen poses for a photo with Taiwan's APEC representative and TSMC founder Morris Chang at a press conference in Taipei, Taiwan November 10, 2023. REUTERS/Ann Wang Acquire Licensing RightsTAIPEI, Nov 14 (Reuters) - Taiwan is working on securing a one-on-one meeting with U.S. President Joe Biden and the island's representative at this week's APEC summit in San Francisco, but there is no message planned for China, a senior Taiwanese official said. "The two sides are discussing related arrangements," Koo said when asked whether Chang plans to hold an one-on-one meeting with Biden at APEC. Tensions over Taiwan are likely to feature when Biden meets Chinese President Xi Jinping at the summit. Chang briefly met with Xi at last year's APEC summit in Bangkok, and discussed semiconductors with U.S. Vice President Kamala Harris.

Persons: Tsai Ing, Morris Chang, Ann Wang, Joe Biden, Wellington Koo, Biden, Koo, Chang, Xi Jinping, Xi, Tsai, Kamala Harris, Yimou Lee, Ben Blanchard, Michael Martina, Trevor Hunnicutt, Gerry Doyle Organizations: Taiwan's APEC, REUTERS, Rights, U.S, APEC, Economic Cooperation, Taiwan's National Security Council, U.S . State Department, Thomson Locations: Taipei, Taiwan, Rights TAIPEI, San Francisco, China, Asia, Beijing, Wellington, United States, Washington, U.S, Bangkok

☆ Your world in 10 minutes: The Israel-Lebanon border heats up
▼ + stars: | 2023-11-14 | by ( ) www.reuters.com time to read: +1 min

Lebanon front with Israel heats up, stoking fears of a wider war. The US House speaker tries to avoid a shutdown with a two step bill. Migrant children are being treated like adults as record numbers arrive in the Canary Islands by boat. Plus, Iceland’s volcano sparks mass evacuation and the Italian town that fell in love with a lion roaming free. Visit the Thomson Reuters Privacy Statement for information on our privacy and data protection practices.

Persons: stoking, Biden, China's Xi Organizations: Apple, Google, Reuters, Thomson, Reading, APEC Locations: Lebanon, Israel, Canary, Gaza

☆ Inside the remarkably intricate planning for Biden’s meeting with Xi
▼ + stars: | 2023-11-14 | by ( Mj Lee | Kevin Liptak | ) edition.cnn.com time to read: +7 min

That included the timing and location of the summit, which is occurring amid a larger gathering of Pacific leaders in San Francisco. “China – normally, if they come to United States, they want everything. San Francisco and the Bay Area are home to one of the largest populations of Chinese or Chinese-Americans in the United States. One-fifth of the population of San Francisco has Chinese roots, according to US census data. “Chinese officials will want to project to their domestic audience that Xi is received by Biden with dignity and respect.

Persons: Xi Jinping, Joe Biden, Xi, Biden, ”, Victor Cha, San, Xi ”, Barack Obama, Donald Trump, Obama, Trump, –, Xi’s, Ryan Hass, John L, ” Hass, Wednesday’s, “ Organizations: San Francisco CNN, Beijing, CNN, White House, Center for Strategic, International Studies, APEC, Area, Biden, Communist Party, Trump, Mar, Thornton China Center, Brookings Institution, House Locations: San, United States, San Francisco, China, Asia, China American, California, Palm Springs, Beijing

☆ Tricky politics on menu for China's Xi at US business dinner
▼ + stars: | 2023-11-14 | by ( Michael Martina | ) www.reuters.com time to read: +5 min

But the event, yet to be formally announced by hosts U.S.-China Business Council (USCBC) and the National Committee on U.S.-China Relations (NCUSCR), also presents uneasy optics. The USCBC and NCUSCR both declined to comment on the planned dinner. Xi has overseen a crackdown on U.S. consultancy and due-diligence firms, a further blow to investor confidence. Jeff Moon, a former U.S. trade official turned business adviser, said China's goal would be to soften Xi's image and attract investment, but that the dinner was unlikely to "move any needles." "They have come to accept that there's no substitute for hearing and seeing and observing what Xi Jinping is doing," said Patel.

Persons: Carlos Barria, Xi Jinping, Joe Biden, Xi, MIGNON, Jeff Moon, mignon, Mike Gallagher, Biden, Janet Yellen, Nirav Patel, Jinping, Patel, David Brunnstrom, Stephen Nellis, Michelle Nichols, Lincoln Organizations: APEC, Economic Cooperation, REUTERS, FRANCISCO, Wednesday, Reuters, U.S, China Business Council, National Committee, China Relations, Muslim, Asia, Thomson Locations: Asia, Pacific, San Francisco , California, United States, San Francisco, U.S, China, Washington, Muslim Uyghurs, Beijing

The two leaders will meet Wednesday at Filoli, a secluded estate along Northern California’s coastal range. It was built in 1917 as a private residence and later became a National Trust for Historic Preservation site. The estate is about 25 miles (40 kilometers) south of San Francisco, where leaders are gathering for the Asia-Pacific Economic Cooperation leaders’ conference this week. “It appears to be a quiet, secluded estate, where Biden and Xi can have an intimate conversation in a relaxed environment,” Glaser said. The gardens feature in Jennifer Lopez’s film “The Wedding Planner.”——AP writers Didi Tang and Colleen Long in San Francisco, and Zeke Miller and Matthew Lee in Washington contributed to this report.

Persons: Joe Biden, China’s Xi, Bonnie Glaser, Biden, Xi, ” Glaser, ”, Jeremi Suri, “, ” Suri, Ronald Reagan, Mikhail Gorbachev, Suri, William Bowers Bourn, Jennifer Lopez’s, Didi Tang, Colleen Long, Zeke Miller, Matthew Lee Organizations: FRANCISCO, —, National Trust for Historic, Economic Cooperation, German Marshall Fund, APEC, University of Texas Locations: Filoli, Northern, San Francisco, Asia, Austin, Soviet Union, Reykjavik, Washington

[1/7] Chinese President Xi Jinping arrives at San Francisco International Airport to attend the APEC (Asia-Pacific Economic Cooperation) Summit in San Francisco, California, U.S., November 14, 2023. He is due to meet U.S. President Joe Biden at an undisclosed location in the San Francisco Bay Area on Wednesday morning and then attend the annual summit of the Asia Pacific Economic Cooperation (APEC) forum. U.S. Trade Representative Katherine Tai, who with Blinken opened the APEC ministerial session, said the San Francisco meeting came at a time of "great uncertainty and challenges" for the region. As Biden arrived in San Francisco, shortly before Xi was due to land, dueling demonstrators greeted the U.S. president's motorcade from the airport. Earlier on Tuesday, a small aircraft flew circles over the APEC summit venue in downtown San Francisco, trailing a banner that read "END CCP FREE CHINA FREE HK FREE TIBET FREE UIGHUR," referring to China's treatment of Uyghurs, which the Biden administration calls "genocide."

Persons: Xi Jinping, Brittany Hosea, Antony Blinken, Xi, Joe Biden, Biden, Janet Yellen, China Nicholas Burns, Blinken, Katherine Tai, John Kirby, Nancy Pelosi, Michael Martina, Ann Saphir, David Brunnstrom, Trevor Hunnicutt, David Lawder, Chris Reese, Josie Kao Organizations: San Francisco International Airport, APEC, Economic Cooperation, REUTERS, FRANCISCO, U.S, San Francisco Bay Area, Asia Pacific Economic Cooperation, Air China, . Trade, San, White House, Biden, China, Chinese Communist Party, Thomson Locations: Asia, San Francisco , California, U.S, United States, Beijing, San Francisco Bay, Air, China, Washington, San Francisco, Israel, Gaza, Ukraine, Taiwan, Tibet, Hong Kong, CHINA, TIBET

☆ South Korea's Yoon to Warn APEC About Risks From North Korea-Russia Ties
▼ + stars: | 2023-11-14 | by ( Nov. | At P.M. | ) www.usnews.com time to read: +2 min

Yoon has criticised what he called illegal cooperation between North Korea and Russia, describing it as a "serious threat" to regional security in an interview with the Associated Press this week. Washington has said North Korea is supplying military equipment to Russia for use in its war with Ukraine, while Moscow is providing technical support to help North Korea advance its military capabilities. North Korea and Russia have denied any arms deals, though their leaders pledged closer military cooperation at their September summit. In San Francisco, Blinken held talks with his South Korean and Japanese counterparts on Tuesday and vowed a coordinated response to the North Korea-Russia cooperation. South Korea and China are also in talks for a possible meeting between their leaders, Seoul's foreign ministry said.

Persons: hyang Choi SEOUL, Yoon Suk, Yoon, Antony Blinken, Defense Lloyd Austin, Austin, Washington, Alexander Kozlov, Blinken, Fumio Kishida, Soo, hyang Choi, Ed Davies, Stephen Coates Organizations: APEC, Economic Cooperation, Associated Press, U.S, Defense, China, South, Economic, Japanese, Stanford University Locations: United States, North Korea, Russia, San Francisco, Gaza, Ukraine, Seoul, Moscow, Korea, Russian, Pyongyang, South Korea, China

☆ Boeing shares take off on report that China may lift 737 freeze, bumper Dubai orders
▼ + stars: | 2023-11-13 | by ( ) www.reuters.com time to read: +2 min

Nov 13 (Reuters) - Shares of Boeing (BA.N) rose on Monday after a report said China was considering ending its freeze on purchases of the planemaker's best-selling 737 MAX aircraft after more than four years. This, coupled with bumper jet orders from Middle Eastern airlines at the Dubai Airshow, sent Boeing shares up 4%. China is considering resuming purchases of Boeing's 737 MAX aircraft when the U.S. and Chinese presidents meet this week at the APEC summit, Bloomberg News reported on Sunday, citing people familiar with the matter. Deliveries of Boeing's bestselling 737 MAX to Chinese airlines were halted following two deadly crashes. Boeing shares have underperformed S&P 500 in 2023Boeing shares were trading at $205.15, compared with analysts' current median price target of $250, according to LSEG data.

Persons: Thomas Hayes, Benoit Tessier, Hayes, Shivansh Tiwary, Ananya Mariam Rajesh, Shilpi Majumdar Organizations: Boeing, Dubai Airshow, APEC, Bloomberg, Paris, REUTERS, Emirates, Thomson Locations: China, Middle, U.S, Le Bourget, Paris, France, Dubai, Bengaluru

☆ Futures dip as focus shifts to economic data
▼ + stars: | 2023-11-13 | by ( ) www.reuters.com time to read: +3 min

REUTERS/Brendan McDermid Acquire Licensing RightsSummaryCompanies Futures down: Dow 0.02%, S&P 0.17%, Nasdaq 0.22%Nov 13 (Reuters) - U.S. stock index futures edged lower on Monday as investors awaited economic data later this week that could shape expectations around how long the Federal Reserve will keep interest rates elevated. Investors will focus on a slew of economic data this week as well as speeches from Fed officials for signs on the trajectory of interest rates amid growing expectations that the Fed is done hiking borrowing costs. Inflation data on Tuesday is expected to show headline consumer prices eased to 3.3% in October from 3.7% in September. The major U.S. stock indexes have rebounded strongly this month, fueled by a stronger-than-expected earnings season and on hopes that U.S. interest rates are near their peak. ET, Dow e-minis were down 6 points, or 0.02%, S&P 500 e-minis were down 7.75 points, or 0.17%, and Nasdaq 100 e-minis were down 34.75 points, or 0.22%.

Persons: Brendan McDermid, jitters, Moody's, Fitch, Mike Johnson, Sruthi Shankar, Maju Samuel Organizations: New York Stock Exchange, REUTERS, Dow, Nasdaq, Federal Reserve, CPI, . House, Republican, Dow e, Boeing, Bloomberg News, APEC, Dubai's Emirates, Dubai Airshow, Micron Technology, Memory Technologies, U.S, Thomson Locations: New York City, U.S, China, Dubai, Bengaluru

☆ China weighs ending freeze on Boeing purchases with 737 Max deal in US -Bloomberg News
▼ + stars: | 2023-11-13 | by ( ) www.reuters.com time to read: +2 min

U.S. Secretary of Commerce Gina Raimondo attends a press conference at the Boeing Shanghai Aviation Services near the Shanghai Pudong International Airport, in Shanghai, China August 30, 2023. REUTERS/Aly Song/File Photo Acquire Licensing RightsNov 12 (Reuters) - China is considering resuming purchases of Boeing's (BA.N) 737 Max aircraft when the U.S. and Chinese presidents meet this week at the APEC summit, Bloomberg News reported on Sunday, citing people familiar with the matter. Boeing is still waiting to resume deliveries of its bestselling 737 MAX to Chinese airlines more than four years after they were halted following two deadly crashes. The company had said that as of the end of June, about 90% of its 737 Max jets in China had resumed commercial operations. Boeing in September slightly increased its annual 20-year forecast for new plane deliveries to China, citing economic growth and increasing demand for domestic travel.

Persons: Gina Raimondo, Aly, Xi Jinping, planemaker, Gokul, Tom Hogue, Gerry Doyle Organizations: Boeing Shanghai Aviation Services, Shanghai Pudong International Airport, REUTERS, Max, APEC, Bloomberg, Boeing, Reuters, U.S, Thomson Locations: Shanghai Pudong, Shanghai, China, U.S, Beijing, Washington, Bengaluru

U.S. President Joe Biden meets with Chinese President Xi Jinping on the sidelines of the G20 leaders' summit in Bali, Indonesia, November 14, 2022. REUTERS/Kevin Lamarque/File Photo Acquire Licensing RightsWASHINGTON, Nov 13 (Reuters) - The White House said on Monday President Joe Biden and Chinese President Xi Jinping will discuss strengthening communication and managing competition when they meet on the sidelines of the Asia-Pacific Economic Cooperation (APEC) summit this week. Biden and Xi have known each other for more than a decade and have shared hours of conversation over six interactions since Biden's 2021 inauguration. However, they have met only once in person since then and Xi has not visited the United States since 2017. Sullivan said that at APEC Biden would put forward his economic vision for the region and speak about "how the United States is the preeminent driver of inclusive, sustainable economic growth in the Asia Pacific."

Persons: Joe Biden, Xi Jinping, Kevin Lamarque, President Joe Biden, Xi, Jake Sullivan, Biden, Sullivan, Nancy Pelosi, we've, Matt Murray, Steve Holland, Nandita Bose, David Brunnstrom, Alistair Bell Organizations: REUTERS, Rights, President, Economic Cooperation, San Francisco Bay Area, Biden, House, U.S ., United, U.S, APEC, Wednesday, APEC Biden, Thomson Locations: Bali , Indonesia, Asia, San Francisco Bay, U.S, People's Republic of China, United States, Washington, China, Taiwan, San Francisco, Israel, Ukraine, North, Russia, Beijing, Iran, East

WASHINGTON (AP) — The United States is hosting the annual APEC summit of world leaders this week for the first time since 2011. But the main summit event will actually be on the sidelines: A face-to-face meeting between President Joe Biden and Chinese President Xi Jinping. The annual leaders' conference brings together heads of nations and other top economic and diplomatic leaders. That decision was regarded as a snub by some APEC leaders. Since then, the APEC leaders have posed together in batik shirts (Malaysia, 1998), Chinese jackets (Shanghai, 2001), flowing ponchos (Chile, 2004) and "ao dai” tunics (Vietnam, 2006.)

Persons: Joe Biden, Xi Jinping, Vladimir Putin, Gina Raimondo, isn't, Biden, Donald Trump, Kamala Harris, that's, Morris Chang, Paul Chan, John Lee, It's, Bill Clinton, Barack Obama, Obama Organizations: WASHINGTON, APEC, Economic Cooperation, Biden, Pacific, Thai, Taiwan Semiconductor Manufacturing Co, Financial, Moody’s Investors Service Locations: United States, Asia, San Francisco, China, U.S, Israel, Ukraine, Russia, Japan, Australia, Taiwan, Hong Kong, Pacific, Bangkok, Chile, Thailand, China . Hong Kong, Seattle, American, Malaysia, Shanghai, ponchos, Vietnam, Philippines, Hawaii

☆ Biden, China's Xi Will Discuss Communication, Competition at APEC Summit
▼ + stars: | 2023-11-13 | by ( Nov. | At P.M. | ) www.usnews.com time to read: +1 min

By Steve Holland and Nandita BoseWASHINGTON (Reuters) -The White House said on Monday President Joe Biden and Chinese President Xi Jinping will discuss strengthening communication and managing competition when they meet at the Asia-Pacific Economic Cooperation (APEC) summit in the San Francisco Bay area on Nov. 15. Biden believes there is no substitute for face-to-face diplomacy to manage this complex relationship, White House national security adviser Jake Sullivan told reporters. That's how we clear up misperceptions and avoid surprises," Sullivan said, adding Biden "comes into this summit on a solid footing." Sullivan also said the U.S. is looking for specific outcomes from the meeting on November 15, he said. (Reporting by Steve Holland and Nandita Bose in Washington; Editing by Chris Reese and Alistair Bell)

Persons: Steve Holland, Nandita Bose WASHINGTON, President Joe Biden, Xi Jinping, Biden, Jake Sullivan, Sullivan, Nandita Bose, Chris Reese, Alistair Bell Organizations: President, Economic Cooperation, White House, U.S ., Biden Locations: Asia, San Francisco Bay, U.S, Israel, Ukraine, North, Russia, Taiwan, Washington

☆ Biden to meet Mexico's president on Friday at APEC summit -White House
▼ + stars: | 2023-11-13 | by ( ) www.reuters.com time to read: 1 min

U.S. President Joe Biden disembarks from Air Force One at O'Hare International Airport in Chicago, Illinois, U.S., November 9, 2023. REUTERS/Leah Millis/File Photo Acquire Licensing RightsWASHINGTON, Nov 13 (Reuters) - U.S. President Joe Biden will meet with Mexican President Andres Manuel Lopez Obrador on Friday on the sidelines of the APEC Economic Leaders' forum in San Francisco, the White House said. The two leaders will "discuss how we can continue to work together as partners to manage migration at our shared border and mobilize a hemispheric-wide response to this challenge," the White House said. Reporting by Jasper Ward and Dan Whitcomb; editing by Rami AyyubOur Standards: The Thomson Reuters Trust Principles.

Persons: Joe Biden disembarks, Leah Millis, Joe Biden, Andres Manuel Lopez Obrador, Jasper Ward, Dan Whitcomb, Rami Ayyub Organizations: Air Force, O'Hare International, REUTERS, Rights, APEC, Leaders, White, Thomson Locations: Chicago , Illinois, U.S, San Francisco

☆ Listen Now: Biden to meet Xi in San Francisco
▼ + stars: | 2023-11-12 | by ( ) www.reuters.com time to read: 1 min

Listen on the Reuters app. Presidents Joe Biden and Xi Jinping are set to meet face to face in San Francisco this week. The high stakes diplomacy is aimed at curbing tensions between the two world superpowers as geopolitical risks envelop the world. In this weekend podcast episode, White House correspondent Trevor Hunnicutt explains what to expect from the historic meeting on the sidelines of the APEC summit. Further ReadingExplainer: Xi to meet Biden and what else to expect from APEC in San FranciscoJoe Biden, Xi Jinping set to steal APEC spotlight with talks to steady tiesOur Standards: The Thomson Reuters Trust Principles.

Persons: Joe Biden, Xi, Trevor Hunnicutt, San Francisco Joe Biden Organizations: Apple, Google, Reuters, White, APEC, Biden, San Francisco, Thomson Locations: San Francisco, San

WASHINGTON (AP) — The United States and China are the two global economic heavyweights. The meeting will bring together 21 Pacific Rim countries, which collectively represent 40% of the world’s people and nearly half of global trade. Indeed, imports of Chinese goods to the United States were down 24% through September compared with the same period of 2022. Xi, too, has reason to try to restore economic cooperation with the United States. “This will not be an easy sell.’’Complicating matters is that the tensions between Washington and Beijing go well beyond economics.

Persons: Joe Biden, Xi, Eswar Prasad, “, Prasad, Donald Trump, Trump, Biden, Chad Bown, Janet Yellen, Lifeng, —, ” Yellen, ’ ’, Wendy Cutler, Raja Krishnamoorthi, ’ ’ Krishnamoorthi, ’ Organizations: WASHINGTON, International Monetary Fund, “, Cornell University, Economic Cooperation, Biden, World Trade Organization, U.S, Peterson Institute for International Economics, Prosperity, Trump, Group, Bain & Co, Micron, IMF, United, Asia Society Institute, Chinese Communist Party, Republicans, Pew Research Center, Center for Strategic, International Studies, Rep, Illinois Democrat Locations: United States, China, Washington, Beijing, U.S, Ukraine, Gaza, Asia, San Francisco, Shanghai, Hong Kong, Xinjiang, India, Philippines, South China, Taiwan, Chinese, Kenya, Nigeria, Illinois

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