Mon. Mar 4th, 2024

BEIJING — U.S. President Joe Biden and Chinese language President Xi Jinping met Wednesday outdoors of San Francisco of their first face-to-face encounter in a yr.

The summit, on the sidelines of the Asia-Pacific Financial Cooperation convention, adopted efforts between the U.S. and China to extend high-level communication amid continued tensions.

“We have now to make sure that competitors doesn’t veer into battle,” Biden mentioned at first of the summit. “Essential international challenges we face, from local weather change to counternarcotics to synthetic intelligence, demand our joint efforts.”

Biden and Xi have been extensively anticipated to debate points corresponding to curbing fentanyl flows into the U.S., secure use of synthetic intelligence, and U.S. restrictions on Chinese language entry to high-end tech.

“For 2 giant international locations like China and the USA, turning their again on one another isn’t an choice,” Xi mentioned in his opening remarks. “Planet Earth is large enough for the 2 international locations to succeed.”

U.S. President Joe Biden meets with Chinese language President Xi Jinping at Filoli property on the sidelines of the Asia-Pacific Financial Cooperation (APEC) summit, in Woodside, California, U.S., November 15, 2023. 

Kevin Lamarque | Reuters

Indicators of goodwill between the international locations have picked up in current days.

Within the hours earlier than the deliberate summit, the U.S. and China reaffirmed their dedication to cooperate on local weather points.

Extra direct flights between the U.S. and China are resuming from a low base.

Final month, Chinese language commodity importers signed the primary agreements since 2017 to purchase U.S. agricultural merchandise in bulk, in line with a information launch from the American embassy in Beijing.

China’s Ministry of Commerce final week introduced it was gathering data in an effort to handle unequal remedy of international companies in China in contrast with remedy of home corporations — which has been a longstanding enterprise criticism.

The Chinese language authorities may additionally use the summit as a possibility to announce a dedication to resuming purchases of Boeing’s 737 Max plane, Bloomberg Information reported, citing sources.

Boeing declined to remark.

Learn extra about China from CNBC Professional

Xi arrived within the U.S. on Tuesday native time. It’s his first journey to the USA since 2017, when he visited then-President Donald Trump at his Mar-a-Lago membership in Florida.

The final time that Xi met Biden in particular person was within the Indonesian island resort of Bali in November 2022. That was Biden’s first assembly with the Chinese language chief as American president.

Biden is operating for reelection subsequent yr.

Xi cemented his energy in March by formally gaining an unprecedented third time period as president.

— CNBC’s Rebecca Picciotto contributed reporting

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