Biden Says China Has ‘Real Problems’ Ahead Of Summit With Xi

US President Joe Biden said Tuesday that China has “real problems,” speaking at a fundraiser in San Francisco on the eve of an eagerly awaited meeting in the US city between himself and his Chinese counterpart, Xi Jinping.
The leaders of the world’s two largest economies will huddle on the sidelines of the APEC summit in California for their first encounter in a year as trade tensions, sanctions and the question of Taiwan have fueled quarrels between Washington and Beijing.

Biden, who like Xi arrived in San Francisco on Tuesday, has characterized the meeting as a chance to right ties that have floundered in recent years.

“President Xi is another example of how reestablishing American leadership in the world is taking hold. They’ve got real problems,” he told a fundraising event late Tuesday, hours ahead of his talks with the Chinese leader.

He did not elaborate.

Earlier, the president told reporters at the White House before heading to San Francisco that the US is “not trying to decouple from China. What we’re trying to do is change the relationship for the better.”

Asked what he hoped to achieve at the meeting, he said he wanted “to get back on a normal course of corresponding; being able to pick up the phone and talk to one another if there’s a crisis; being able to make sure our (militaries) still have contact with one another.”

But Biden also warned that the United States was wary of investing in China due to Beijing’s business practices.

“I’m not going to continue to sustain the support for positions where if we want to invest in China, we have to turn over all our trade secrets,” he said.
The two presidents are expected to meet for several hours Wednesday on the sidelines of the Asia-Pacific Economic Cooperation (APEC) summit in San Francisco.

The forum brings together 21 economies, which together account for about 60 percent of the world economy.

They are both also expected to meet major business leaders and hold a number of other bilateral meetings.

– Spy balloon –
Positive momentum from November 2022 talks between Xi and Biden in Bali was derailed when the United States shot down what it said was a Chinese spy balloon, delaying a planned visit to Beijing by US Secretary of State Antony Blinken.