Meets Chinese President Xi Jinping, his counterpart American Joe Biden for the last time in his current position as President of the United States, with the aim of reducing tensions and discussing important issues before the inauguration of Donald Trump.
Xi and Biden will meet on the sidelines of the Asia-Pacific Economic Cooperation Forum in Lima, Peru, for their first talks in seven months, amid reports that Taiwanese President Lai Ching-te intends to stop in the US state of Hawaii.
Issues on the presidents’ table
The issue of hacking accusations emerges as one of the most important files on the table of the Chinese and American presidents, as American allegations have escalated in the recent period, of China penetrating the telephone communications of officials in the American government and the presidential campaign, which China has denied.
The Taiwan issue comes especially after Reuters reported that Taiwanese President Lai Ching-te intends to stop in the US state of Hawaii and perhaps Guam on a sensitive visit that is sure to anger Beijing in the coming weeks, as China deals with Taiwan as an internal matter.
The two presidents are also expected to discuss economic issues, following pressure from Washington on trade, including a plan to restrict US investment in Chinese artificial intelligence, quantum computing, semiconductors, and restrictions on the export of advanced computer chips.
What happens after the meeting between the Chinese President and his American counterpart?
The term of current US President Joe Biden will end within days, and President-elect Donald Trump will assume leadership of the United States amid escalating pledges within his trade policies, to impose comprehensive customs duties of 60% on US imports of Chinese goods, as part of a package of trade measures under the slogan “America First.” .
Beijing opposes these measures, at a time when Trump plans to appoint hard-line figures towards China to high-ranking positions, such as Senator Marco Rubio as Secretary of State and Representative Mike Waltz as National Security Advisor.
On the other hand, President Biden’s National Security Advisor, Jake Sullivan, confirmed that the transition process between the American and Chinese administrations will be a sensitive period, stressing the need to maintain stability and clarity between the two countries.
In this context, Chinese President Xi Jinping seeks to ease tensions during the transitional period, as he seeks to strengthen economic relations with Latin America through a visit to Peru and Brazil.
Economic globalization and enhancing international cooperation
Before the meeting and during his participation in the 2024 APEC CEO Summit, the Chinese President called for joint efforts to direct economic globalization in the right direction, stressing the need to achieve comprehensive and beneficial economic globalization for all countries and societies. Xi said that the Asia-Pacific region has become economically interconnected and faces challenges. Great, warning that the world is going through a period of transformation and turmoil.
Xi stressed that economic globalization remains the general trend, despite the opposite trends, noting the importance of scientific and technological innovation to enhance the growth of the global economy. He also called for reforming the global economic governance system, stressing the need to ensure equal rights for all countries in international economic cooperation.
The Chinese President pointed to the importance of common development, stressing that achieving global stability and prosperity requires resolving development imbalances between countries. He explained that China will continue to strengthen its internal reforms and develop international cooperation, especially through the Belt and Road Initiative, with a focus on green development and digital transformation.
