Joe Biden-Xi Jinping meeting: All eyes on APEC meet in San Francisco | Oneindia News

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US President Joe Biden said that China has 'real problems.' He made the statement while speaking at a fundraiser in San Francisco on the eve of his meeting with Xi Jinping. The leaders of the world's two largest economies will meet on the sidelines of the APEC summit in California for their first encounter in a year as trade tensions, sanctions and the question of Taiwan have fueled conflict between Washington and Beijing.

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00:00 US President Joe Biden said that China has real problems.

00:06 He made the statement while speaking at a fundraiser in San Francisco on the eve of

00:10 his meeting with Xi Jinping.

00:12 The leaders of the world's two largest economies will meet on the sidelines of the EPIC summit

00:16 in California for their first encounter in a year as trade tensions, sanctions and the

00:21 question of Taiwan have fuelled conflict between Washington and Beijing.

00:26 The two presidents are expected to meet for several hours on Wednesday on the sidelines

00:29 of the Asia-Pacific Economic Cooperation or EPIC summit in San Francisco.

00:34 The forum brings together 21 economies which together account for about 60 per cent of

00:38 the world economy.

00:39 Biden and Xi Jinping arrived in San Francisco on Tuesday.

00:43 The US president has characterized the meeting as a chance to right ties that have floundered

00:48 in recent years.

00:49 They are both also expected to meet major business leaders and hold a number of other

00:53 bilateral meetings.

00:55 Joe Biden said, "President Xi is another example of how re-establishing American leadership

01:00 in the world is taking hold.

01:02 They've got real problems."

01:04 Earlier the president told reporters at the White House before heading to San Francisco

01:08 that the US is not trying to decouple from China.

01:11 When asked what he hoped to achieve at the meeting, he said that he wanted to get back

01:15 on a normal course of corresponding, being able to pick up the phone and talk to one

01:19 another if there's a crisis.

01:21 But Biden also warned that the United States was wary of investing in China due to Beijing's

01:26 business practices.

01:27 Positive momentum from November of 2022 talks between Xi and Biden in Bali was derailed

01:33 when the United States shot down what it said was a Chinese spy balloon, delaying a planned

01:38 visit to Beijing by US Secretary of State Antony Blinken.

01:41 Since then, a flurry of high-level diplomacy, including Blinken's eventual trip to China

01:46 in June, has signalled a willingness on both sides to mentise.

02:00 [MUSIC PLAYING]

Joe Biden-Xi Jinping meeting: All eyes on APEC meet in San Francisco | Oneindia News

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