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US President Joe Biden vowed to make no “fundamental concessions†in his first in-person summit with China’s Xi Jinping, reinforcing already low expectations for any major breakthrough in strained ties between the world’s two largest economies.
The two presidents are expected to meet next week on the sidelines of the Group of 20 summit in Bali, Indonesia. Xi’s last meeting with a US leader came in June 2019, when he reached a truce with Donald Trump that led to a trade deal six months later — right before relations fell into a downward spiral as Covid-19 spread around the globe.
Biden said he expects to discuss contentious issues such as trade and Taiwan, which China has put under increased military pressure since US House Speaker Nancy Pelosi visited Taipei in August. His administration also imposed sweeping curbs on the sale of advanced chips to China, a move designed to maintain the US’s technological edge over Beijing.
“I’m not willing to make any fundamental concessions,†Biden told a White House news conference.
—Bloomberg