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U.S. President, Joe Biden, held high-level talks with Chinese leadership during the annual G20 summit in New Delhi. This meeting between Biden and Chinese Premier Li Qiang marks the highest-level meeting between the two powers in almost 10 months. While Chinese President Xi Jinping did not attend the summit, Li’s presence provided an opportunity for unscripted encounters and discussions.

Biden emphasized that his team continues to engage with President Xi’s cabinet, and he personally met with Li during the summit. He described the discussions as focused on stability and the Southern Hemisphere, emphasizing that they were not confrontational in nature.

The White House confirmed Biden’s meeting with a Chinese leader at the G20 summit. The efforts to improve relations between the United States and China have been ongoing, particularly after a disagreement over a suspected Chinese spy balloon flying over U.S. territory. Additionally, concerns about an economic slowdown in Beijing have been affecting the relationship between the two countries.

During a press conference in Vietnam, Biden highlighted the strength of the U.S. economy, contrasting it with China’s economic situation. He mentioned that China’s growth has been slowing due to policies and a weak global economy. Biden did not specify the exact policies contributing to China’s economic woes but mentioned issues in the real estate sector and high youth unemployment.

Acknowledging the challenges faced by China, Biden stated that one of the major economic tenets in Xi’s plan is not producing the desired results. However, he expressed concern about the situation, stating that he is not happy with China’s economic crisis.

As Biden heads into his 2024 re-election campaign, he recognizes that his handling of the economy and inflation is a central concern for voters. He mentioned that the U.S. economy grew at a 2.1% annualized rate in the last quarter, and central bankers have raised interest rates to address inflation. Meanwhile, China’s August trade data suggests a potential stabilization in their economic downturn as policymakers aim to stimulate demand and fend off deflation. However, analysts remain cautious due to concerns about a property slump, weak consumer spending, and tumbling credit growth.

In an effort to maintain open communication and reduce tensions, Biden has expressed a willingness to engage with China, particularly regarding issues like Taiwan. He does not believe that China’s economic troubles will result in an invasion of Taiwan. Asserting the United States as a Pacific power, Biden stated that there are no intentions of withdrawing from the region.

Additionally, Biden commented on recent moves by Chinese officials to restrict the use of U.S.-designed Apple iPhones by state employees, interpreting it as an attempt to alter trade rules. He emphasized the importance of establishing a balanced and constructive relationship with China, highlighting his sincerity in getting the relationship right.

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