Former national security advisor on Biden, Xi virtual summit: This should be a top ESG issue

President Joe Biden will hold a highly anticipated virtual summit with Chinese President Xi Jinping on Monday evening, CNBC has confirmed.

Biden and Xi have held two phone calls since Biden took office in January, the most recently on September 9. But Monday’s summit will be the first time in Biden’s term that they have communicated face-to-face in a formal summit format.

Traditionally, world leader to leader summits are carefully choreographed to produce some kind of tangible outcome. But senior White House officials said the Biden-Xi summit will not be like that.

“This is not about seeking specific deliverables or outcomes,” said one administration official, who requested anonymity to discuss an agenda that was still being finalized on Friday.

“This is about setting the terms of an effective competition where we are in the position to defend our values and interests and those of our allies and partners,” the official said. “We believe when such terms—or guardrails—are established, we can sustain a vigorous competition.”

The summit comes as the United States and China are at odds on major geopolitical issues like trade, human rights, military buildup, Taiwan and cybersecurity.

China has been scaling up military exercises near Taiwan in recent months, a show of force that has not gone unnoticed by the Biden administration.

Beijing has also drawn international condemnation for its campaign to “reeducate” members of its Uyghur Muslim minority ethnic group. This “reeducation” push includes forced labor, the mass incarceration of over a million people in “reeducation” camps and the alleged sterilization of Uyghur women.

In March, the United States and its allies imposed sanctions on several officials in Xinjiang Province, the traditional homeland of the Uyghur people. Secretary of State Tony Blinken has labeled the treatment of Uyghurs in China a “genocide.”

On trade, Beijing has been pushing the Biden administration to lift Trump-era tariffs on over $350 billion worth of Chinese goods. But Washington has stalled, choosing instead to leave the tariffs in place and try to open a new round of trade talks.

Yet despite these deep divisions between the two countries, Biden is making it a priority to maintain open lines of communication with Beijing.

“Intense competition requires intense diplomacy,” said the White House official. “As President Biden has made clear, he welcomes the stiff competition, but does not want conflict.”

Recently, Washington and Beijing have sought to highlight their cooperation on issues where the two countries’ interests converge.

This cooperation was on view last Wednesday at the COP24 climate conference in Glasgow, Scotland.

There, Chinese and American envoys announced a surprise joint agreement to set new targets for scaling back fossil fuel consumption.

Together, the United States and China are responsible for more than 35% of greenhouse gas emissions worldwide, although China produces more than double what America does.

Climate change is one of the few issues where Washington and Beijing can see eye to eye. More often, the two countries are on opposite sides.

Under Xi, China’s one party Communist government has strived to dethrone the United States as the world’s number one economic and political power.

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[bobcharles]

Let not get on a soap box. It is simple if you want to do business in China. It is their country it it their rules. Look at what we did to Huawei. So don't cry fool. You can always simply choose not to do business with China.

[lehang]

The point from day one.
" who made the rules?"
It is always " US, UK" rules that rule the World and of course, these rules will benefit US, UK more...
Those days are gone.
US bar China from ISS... not now, 20, 30 years back while China still weak... and look at what happen now in China Space program.
Tesla sold in China one month, Oct 2021 is more than what Tesla sold in Canada for 5 years.( from 2016 to 2020)

[mercuryy]

And until you recognize the faults in your own country....never ostracize the ideals of another....some ppl will create tension without the morality of addressing their own...

[dylun]

what we need to understand is that China is not India. Controlling China has always been a dream of ours. We sit back and complain, yet we dont do anything to better our next generation. Crying out loud is our go to strat

[DucaTech]

"We have to get in bed with authoritarian". Just Saudi Arabia. US loves the Saudi oil.

[Diderot]

This general’s world view is so warped, it is appalling.

[jorgeponce]

GENERAL MCMASTER, you forgot this: PBoC has bought a lot of our ever-growing National Debt. EVEN MORE IMPORTANT, our financial system relies on ever-growing National Debt and ever-rising debt "ceiling", so that Wall St can use Treasuries as the safest and most scarce collateral in repo markets for their leveraged bets, both long and short, in the equity, credit, and derivative markets, LIQUEFIED BY THE FED AND BACKSTOPPED WITH CAPITAL BY THE US TREASURY.

[garydavidson]

Hey Joe with a 15 % tax on goods from China wouldn't cause & effect mean a higher price that you call inflation CAN inflation be another word for tax ?

[nancychace]

Boy is he firing on all cylinders! He's right.

[DNA_tech]

See, not all Americans are short sighted

[lukehero]

What’s happening to Taiwan? None of your business

[stevenseibel]

You could play the PLA recruitment video that's easy to find on YouTube during the superbowl broadcast and wall street still wouldn't change.
(The one that frequently compared to the Russian and American ones).

Here's the problem they don't care. Simple. They don't have to serve if the most embarrassing strategic mistake of all time erupts and they all end up with pie in their face Infact they're going to make even more money and again not have to serve. Because war and easy policy.
Consequences of losing their arrogance blinds them of course they haven't thought about it. Would Charlamagne be laughing his ass off at how dumb WS is yes he would. Would Mithridates be facepalming right now if he were here yes he would.
But I know why that meeting was held today I see it and I knew how this meeting would go it's obvious and a good amount of money is about to be made. This was a catalyst nothing more.
The Lenin quote from the last time he was on CNBC still true but nobody cares bud. I see the vehicles I see the equipment I see the ships oh I see it I even envision a way to use that anti tank missile carrier I think it's zdb 04 AT or AFT-10 the one with HJ 10 if I recall but nobody cares bud. You wasting you time bud we're too stupid.
The situation is so sad and pathetic that even I'm going ball's deep in China stocks now. We are now collectively Valentinian III. All while your going about an oath. Bud the people your trying to convince it's self interest cater to it. Talking about atrocities they don't care and if anything some of them probably want to experience some of the horrors for themselves and get nice and wet or harder than viagra ever could get them. History is full examples in china USSR to Rome proscriptions baby the problem with wild alternative future world is well it hasn't happened yet and the "oh that would never happen" mentality is still there. I think I'm done thinking about China now I'm out. Too many people head up own as_.

[danjohnston]

Wall Street Is Always Amoral, But Should Realize Practicalities Long Term
Promises & Profit Margins Now Won't Help If The Missiles Fly

[bbrebozo]

When Gorbachev wanted to meet George HW Bush, the latter set a meeting on a ship and Gorby couldn’t board because of rough seas (and thus couldn’t beg for a bail out). Let’s hope for solar flares to block this virtual summit so Brandon won’t surrender Taiwan to the CCP.

[johnfeng]

Chinese love American! G2 for world peace and prosperity!