APEC Summit 2022: US-China Meeting and Trade War Updates

2023-11-14 10:36:27

Washington – A crucial meeting will be held with Chinese President Xi Jinping at the APEC (Asia-Pacific Economic Cooperation) conference in San Francisco hosted by the US. The meeting between US President Joe Biden and Xi Jinping is scheduled for Wednesday. It is reported that the meeting between the two leaders is crucial in the context of the ‘trade war’.

Other countries are looking forward to the meeting of the heads of the world’s two largest economic powers. The APEC meeting which started on November 11 will conclude on the 17th. Japanese Prime Minister Fumio Kishida, Canadian Prime Minister Justin Trudeau, Indonesian President Joko Widodo and others will also participate in the conference. Russian President Vladimir Putin sent the Deputy Prime Minister in his place. Although India is not a member of APEC, Union Minister Piyush Goyal is participating.

Business leaders in the US are happy to have a chance to have dinner with Xi Jinping as part of the APEC meeting. Businessmen hope that Xi will be able to convince and find solutions to the various problems faced by US companies in China. Archyde.com reported that some US companies charge a fee of tens of thousands of dollars to participate in the dinner.

APEC is a forum to promote trade, investment and economic development among countries around the Pacific Ocean. Relations between the two countries soured following Chinese spy balloons were shot down in the US earlier this year. Given the decline in foreign investment in China, it is likely that Xi will preach that China is still open to US companies. Xi Jinping was absent from the G20 summit held in India. Biden’s response was that he was disappointed with Xi’s position.

English Summary:

US Firms To Pay Tens Of Thousands Of Dollars For Dinner With Xi: Report

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