The tone was cordial, and it looked like a thaw in the brewing cold war between the US and China.
Then, after the summit, Joe Biden called the Chinese president “a dictator” and China vowed to take over Taiwan.
The summit began with the two leaders taking a much friendlier tone after months of rising tensions, with President Biden sounding optimistic.
“I believe they’re some of the most constructive and productive discussions we’ve had,” Biden said.
They agreed on a new push to crack down on the export of the deadly drug fentanyl from China to the US.
President Xi Jinping said China is ready to be a partner and friend of the United States.
China could use a friend. Foreign businesses and capital have been fleeing China at a record pace.
“Companies are increasingly seeing the writing on the wall in China,” says Josh Birenbaum, deputy director of the Center on Economic and Financial Power at the Foundation for Defense of Democracies. “The environment is no longer conducive to open business. Going from a hundred billion in foreign direct investment to negative 11 billion over the last seven quarters is, is just remarkable.”
The two leaders also agreed to
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