#APEC #XiJinping #BidenMeeting #ChinaUSRelations #TradeWar #LatinAmerica<\/p>\n\n\n\n
Chinese President Xi Jinping arrived in Peru to attend the Asia-Pacific Economic Cooperation (APEC) summit, where he is scheduled to meet with U.S. President Joe Biden. This high-stakes meeting comes amid concerns of a potential trade war with the incoming U.S. administration led by President-elect Donald Trump.<\/p>\n\n\n\n
Xi touched down at a military airbase near Lima shortly before Biden\u2019s expected arrival, leading into a two-day summit of APEC leaders. Formed in 1989, APEC\u2019s mission is to promote trade liberalization among its 21 member economies, which together contribute to 60% of global GDP and over 40% of global trade. Ahead of the summit, U.S. Secretary of State Antony Blinken and other APEC ministers held closed-door discussions to lay the groundwork for the meeting\u2019s agenda, which centers on inclusive trade and investment growth.<\/p>\n\n\n\n
Biden and Xi\u2019s meeting on Saturday will likely be the final face-to-face between the two leaders of the world\u2019s largest economies before Biden\u2019s term concludes. Trump\u2019s protectionist \u201cAmerica First\u201d stance, which includes the potential imposition of tariffs as high as 60% on Chinese goods, has raised concerns about strained U.S.-China relations. Economic experts caution that these measures could hurt not only China, which is dealing with a housing crisis and weakened consumer demand, but also the U.S. economy and its major trade partners.<\/p>\n\n\n\n
During his visit, Xi will inaugurate Chancay Port, South America\u2019s first Chinese-funded port located north of Lima. This is part of China\u2019s Belt and Road Initiative, which seeks to increase its economic presence in Latin America. In a Peruvian newspaper, Xi expressed China\u2019s commitment to \u201ctrue multilateralism\u201d and to a globalization model that is inclusive and beneficial to all.<\/p>\n\n\n\n
Meanwhile, Biden will hold discussions with Japanese Prime Minister Shigeru Ishiba and South Korean President Yoon Suk Yeol. This trilateral cooperation seeks to address regional security concerns, especially amid China\u2019s growing military capabilities and influence in the Asia-Pacific. Ishiba noted that while there are challenges in Japan-China relations, it\u2019s crucial to find areas of mutual cooperation and to exchange views candidly.<\/p>\n","protected":false},"excerpt":{"rendered":"
#APEC #XiJinping #BidenMeeting #ChinaUSRelations #TradeWar #LatinAmerica Chinese President Xi Jinping arrived in Peru to attend the Asia-Pacific Economic Cooperation (APEC) summit, where he is scheduled to meet with U.S. President Joe Biden. This high-stakes meeting comes amid concerns of a potential trade war with the incoming U.S. administration led by President-elect Donald Trump. Setting the […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"saved_in_kubio":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1131","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/sportpro.cc\/index.php?rest_route=\/wp\/v2\/posts\/1131","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sportpro.cc\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sportpro.cc\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sportpro.cc\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/sportpro.cc\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1131"}],"version-history":[{"count":1,"href":"https:\/\/sportpro.cc\/index.php?rest_route=\/wp\/v2\/posts\/1131\/revisions"}],"predecessor-version":[{"id":1132,"href":"https:\/\/sportpro.cc\/index.php?rest_route=\/wp\/v2\/posts\/1131\/revisions\/1132"}],"wp:attachment":[{"href":"https:\/\/sportpro.cc\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1131"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sportpro.cc\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1131"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sportpro.cc\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1131"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}