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Biden Announces Deal to Crack Down on Fentanyl With China
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US President Joe Biden and Chinese leader Xi Jinping struck a series of agreements during high-stakes talks held to stabilize a turbulent relationship strained by economic competition and military and diplomatic missteps.
The heads of the world’s two largest economies met for over four hours on Wednesday on the sidelines of the Asia-Pacific Economic Cooperation forum in California.
Both men had reason to push the relationship forward. Xi is battling economic malaise at home, with foreign investors troubled by fraught ties with the world’s largest economy. Biden is trying to steady the global environment ahead of an election that will demand his attention at home.
It wasn’t all consensus. China told the US that its territorial ambitions toward Taiwan are “unstoppable” and ordered Washington to stop arming the self-ruled island Beijing claims as its own. US officials pressed Chinese counterparts to discuss the conflict between Israel and Hamas with Iran.
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The heads of the world’s two largest economies met for over four hours on Wednesday on the sidelines of the Asia-Pacific Economic Cooperation forum in California.
Both men had reason to push the relationship forward. Xi is battling economic malaise at home, with foreign investors troubled by fraught ties with the world’s largest economy. Biden is trying to steady the global environment ahead of an election that will demand his attention at home.
It wasn’t all consensus. China told the US that its territorial ambitions toward Taiwan are “unstoppable” and ordered Washington to stop arming the self-ruled island Beijing claims as its own. US officials pressed Chinese counterparts to discuss the conflict between Israel and Hamas with Iran.
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Bloomberg Quicktake brings you global social video spanning business, technology, politics and culture. Make sense of the stories changing your business and your world.
Connect with us on…
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