Updated on November 17, 2023 at 12:01 am
US President Joe Biden addresses a group of CEOs at the Asia-Pacific Economic Cooperation (APEC) annual conference.
© dpa / Godofredo A. Vásquez/AP/dpa
China and the US are trying to expand their influence in the Indo-Pacific region. As the US president makes clear, crisis talks between rivals won’t change that.
US President Joe
“The United States is critical to the future of the region, and the region is more important to the United States than ever,” the Democrat said. His government has had a particular focus on the Pacific region since day one. The economic potential there is “endless.”
The APEC summit was overshadowed by meetings between Biden and Xi
21 countries around the Pacific region work together in the APEC group. Apart from the US and China, it also includes Russia, Japan and South Korea. About 40 percent of the world’s population lives in APEC countries. The confederation generates about 60 percent of the Gross Domestic Product (GDP).
This year’s APEC summit was overshadowed by Biden’s bilateral meeting with Xi. For the first time in a year, the presidents sat down for a lengthy discussion outside San Francisco on Wednesday in an effort to cement the strained ties between the world’s two largest economies. Xi will also attend the APEC summit.
The US wants a stable relationship with China despite differences
Biden reiterated that the goal is to responsibly shape the rivalry between the US and China. “This is what the world expects of us,” he asserted. “I promise you we will.”
Both countries have differences at different levels. But the US does not want a conflict and has no intention of separating its economy from China. A stable relationship between the two major economies is good not only for the US and China, but for the entire world.
Since taking office, Biden has focused on a specific foreign policy in the Indo-Pacific — countering China’s desire for power in the region. Roughly speaking, the Indo-Pacific refers to the region from India to the North Pacific Ocean, covering most of Asia and extending to the west coast of the United States. (mt/dpa)
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