With the US president-elect having signalled a confrontational approach to Beijing for his second term in the White House, a meeting between Xi and Biden will be a closely watched affair.
APEC, created in 1989 with the goal of regional trade liberalisation, brings together 21 economies. / Photo: AFP
Biden and Xi are due to hold a bilateral Saturday, in what a US administration official said this week will likely be the last meeting between the sitting leaders of the world's largest economies before Biden hands the reins back to Trump.APEC, created in 1989 with the goal of regional trade liberalisation, brings together 21 economies that jointly represent about 60 percent of world GDP and over 40 percent of global commerce.
The summit will also bring together leaders and senior officials from Japan, South Korea, Canada, Australia and Indonesia, among others.Trump's"America First" agenda, with protectionist stances on global commerce, fossil fuel extraction and foreign conflicts, is threatening alliances Biden had built on issues ranging from the wars in Ukraine and the Middle East to climate crisis and trade.
But economists say punitive levies will likely also harm the American economy and affect trade with its neighbours and with Europe.
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