U.S. business leaders meet with Chinese President Xi Jinping

[william]

Hundreds of executives from varying sectors including banking and technology are expected to attend, and Xi is also expected to speak at the dinner.

The forum offers an opportunity for U.S. business leaders to directly engage with Xi, who has courted foreign investment to help boost China's slowing economy.

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U.S. business leaders meet with Chinese President Xi Jinping

Hundreds of executives from varying sectors including banking and technology are expected to attend, and Xi is also expected to speak at the dinner.

www.cbsnews.com

 

[william]

Biden removes sanctions from Chinese institute in push for fentanyl help​

WASHINGTON, Nov 16 (Reuters) - The Biden administration on Thursday removed the Chinese Ministry of Public Security's Institute of Forensic Science from a trade sanction list, part of a bid to convince Beijing to do more to halt the flow of the synthetic opioid fentanyl into the United States.

Washington put the institute on the list in 2020 over alleged abuses against Uyghurs and other minority groups, effectively barring it from receiving most goods from U.S. suppliers.

As part of the meeting, the men agreed to create a working group on counter-narcotics cooperation. The White House's National Security Council did not respond to a request for comment on what, beyond creating the working group, China pledged to do to stem shipments of the deadly narcotic.

Former Chinese ambassador to the U.S. Qin Gang last year described it as "shocking" that the U.S., which had expressed frustration over Beijing's lack of cooperation on fentanyl, would sanction an institute he described as essential to controlling the drug.

Biden removes sanctions from Chinese institute in push for fentanyl help

The Chinese Ministry of Public Security's Institute of Forensic Science was removed from a trade sanction list to convince Beijing to do more to halt the flow of the synthetic opioid fentanyl into the US.

www.reuters.com

 

[william]

Biden to stress APEC economic ties, as trade deal stumbles​

SAN FRANCISCO, Nov 16 (Reuters) - President Joe Biden will highlight strong U.S. ties to the Asia Pacific Economic Cooperation (APEC) forum economies on Thursday, despite a failure to make progress on key trade provisions sought by regional countries.

Biden, who held a high-stakes summit with Chinese President Xi Jinping on Wednesday, is due to address a summit of CEOs on Thursday before speaking to leaders from the 21-member APEC gathered in San Francisco for the organization's annual summit.

Biden will also take part in an event with the 14-member Indo-Pacific Economic Framework (IPEF) that his administration established to bolster economic engagement after former President Donald Trump quit a long-negotiated regional trade pact in 2017.

U.S. hopes for an IPEF trade deal were dashed this week, after members could not agree on improving labor and environmental standards or compliance, people briefed on the talks said.

In remarks to APEC leaders, Biden will highlight U.S. progress to combat climate change, call for collective APEC action, and "demonstrate this administration's commitment to deepening economic engagement with the region," a senior U.S. official told journalists.

China is ready to be a partner and friend of the United States, Xi told them, and he said there was plenty of room for bilateral cooperation, part of a charm offensive to reassure global business and counter his country's struggles to entice foreign investment.

Biden to stress APEC economic ties, as trade deal stumbles

President Joe Biden will highlight strong U.S. ties to the Asia Pacific Economic Cooperation (APEC) forum economies on Thursday, despite a failure to make progress on key trade provisions sought by regional countries.

www.reuters.com