China, U.S. leaders meet in San Francisco

BEIJING — U.S. President Joe Biden and Chinese language President Xi Jinping met Wednesday outside 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 in the beginning of the summit. “Vital world challenges we face, from local weather change to counternarcotics to synthetic intelligence, demand our joint efforts.”

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

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

Alerts of goodwill between the nations have picked up in latest days.

Within the hours earlier than the deliberate summit, the U.S. and China reaffirmed their commitment to cooperate on climate issues.

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 address unequal treatment of foreign businesses in China in contrast with therapy of home companies — which has been a longstanding enterprise criticism.

The Chinese language authorities may use the summit as a chance to announce a dedication to resuming purchases of Boeing‘s 737 Max plane, Bloomberg News reported, citing sources.

Boeing declined to remark.

Xi arrived within the U.S. on Tuesday native time. It’s his first journey to the US 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 individual 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 power in March by formally gaining an unprecedented third time period as president.

— CNBC’s Rebecca Picciotto contributed reporting