The summit won’t end the standoff between the world’s biggest economies.
But it’s a sign that Biden and Xi want to maintain ties, despite trade tensions, tit-for-tat sanctions and questions about the future of Taiwan — and business leaders will be hoping for some sign of a thaw.
Officials have been at pains to emphasize that the U.S. and China are competitors rather than zero-sum rivals.
“We have a $700 billion trading relationship with China.
The vast majority — 99 percent of that — has nothing to do with export controls,” Gina Raimondo, the commerce secretary, told CNN this weekend.
Persons:
Biden, Xi Jinping, Xi, —, ” Gina Raimondo, Jake Sullivan, Janet Yellen, ” Xi, ”
Organizations:
CNN
Locations:
China, Washington, Beijing, San Francisco, Taiwan