Image Credit Alberto Romo/Asamblea Nacional/Flickr/Cropped / CC BY-SA 2.0 President Biden wants Americans to believe his meeting with Xi Jinping was successful. But in truth, the U.S. gained nothing. Share
President Joe Biden and China’s leader Xi Jinping met this week on the sidelines of the Asia-Pacific Economic Cooperation (APEC) summit in San Francisco. The Biden administration touted the meeting as a significant foreign policy achievement, even though it accomplished little but photo ops.
Leading up to the APEC meeting, Xi had a weak hand, while the leverage was on the U.S. side. China’s economic growth has slowed down significantly. Its once high-flying property sector crashed and exports dropped . The youth unemployment rate reached 22 percent in June 2023 before Beijing stopped publishing the data altogether out of fear of causing public panic. Foreign firms have pulled billions out of China , concerned over its weak economy, hostile regulatory […]
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