?Worthy audience we first of all sincerely appreciate & greatly admire both US & CHINA for their diplomatic success & immense patience exibied by the apex leadership amid such a serious serious global crisis .The Biden-Xi Summit in San Francisco as announced formally, by the White House on Friday morning (17 Nov 2023), comes at a critical juncture when on one hand World has caught between ME & Europe squabbles' dreadful backlash & built up of lot of anger against security Council or Super Powers failure to declare ceasefire on both the fronts. This meeting is being seen as 2nd biggest event of 21st Century after USA withdrawal from Afghanistan. For both the United States & China as the global giants attempt to strike a balance amid strategic competition in an increasingly precarious world. Signs of progress have emerged following a series of summer diplomatic initiatives, including Secretary of State?Antony Blinken’s visit to China, and subsequent high-level visits from officials like Treasury Secretary Janet Yellen, climate envoy John Kerry, and Commerce Secretary Gina Raimondo. Even Senator Chuck Schumer, a known China hawk,?led a bipartisan delegation to China, reflecting the desire to navigate a relationship marked by disagreements over human rights, trade, and China’s military development. While diplomatic relations have experienced some improvement, challenges like Taiwan, Chinese military?maneuvers near Taiwan’s airspace, China’s?support for Russia’s invasion of Ukraine, its?early statements about the recent war in Israel and Gaza?that failed to mention the violence perpetrated by Hamas or make any mention of the hostages, increased tensions in the South China Sea, and a low-intensity pressure campaign on Western businesses operating in China, all continue to cast shadows on the long-term potential for cooperation. Few takeaway could be:-
- A senior U.S. official said, “The Biden-Xi meeting is expected to cover global issues from the Israel-Hamas war (ME) to Russia's invasion of Ukraine (Europe), North Korea's ties with Russia ,China-Taiwan, the Indo-Pacific, human rights, fentanyl production, artificial intelligence, as well as "fair" trade and economic relations.?
- It is essential for the U.S. and the world at large to acknowledge that China plays a significant role in determining the course of the relationship and global stability, and aim for a workable, if not ideal framework.
- There is a lot at stake for the markets: corporate giants including Apple, Nike, and Caterpillar are heavily reliant on the Chinese market to drive revenue and growth, while China remains the world’s manufacturing epicenter.
- Strengthening communication, seeking consensus, managing differences, and avoiding misunderstandings and accidental escalation of friction; this will include?continuing a regular cadence of contact between Secretary Yellen and Vice Premier He.
- Working together to address common challenges, including economic growth, financial stability, and regulation.Cooperating on climate change-related economic issues and debt issues in low-income and emerging economies.
- Strengthening the international financial architecture, (including strengthening the IMF with the Executive Board’s approval of an equiproportional quota increase, bolstering the IMF’s ability to fight crises), and accelerating the adoption of reforms in multilateral development banks to make them better, larger, and more effective.
- Welcoming the objective of a healthy economic relationship that provides a level playing field for companies and workers in both countries and benefits the two peoples.?
1.????????????? Worthy audience the forthcoming?Xi-Biden summit? will be a critical juncture in the intricate relationship between the United States and China. Presently, this relationship faces more challenges than it has encountered in the past two decades. Both nations are embroiled in a long-term contest for global supremacy, each aiming to shape the international system’s rules, norms, and standards for the near future. A broad spectrum of global stakeholders, including countries big and small, investors,?and corporations, are eager to see these major powers explore opportunities for cooperation in addressing a range of global issues such as nuclear arms control, climate change, and the?regulation of artificial intelligence.
- The pressing question at hand is whether these two global giants can effectively strike a balance between their long-term strategic competition and the growing need to manage their relationship. They must also rebuild the essential habits of cooperation to address the existential challenges that have arisen.
- While the U.S. has stressed the necessity of this equilibrium,?China has been hesitant?to fully embrace the idea of simultaneous competition with guardrails and cooperation in areas of shared interests and common threats. There are indications that?China may be increasingly receptive?to this concept, but the outcome of the meeting between?Xi?and?Biden?will be pivotal in determining whether the two powers are on the path toward an “accommodation” that can establish the required boundaries to prevent competition from escalating into conflict, while actively seeking avenues for cooperation on pressing global challenges.
- It is essential for the U.S. and the world at large to acknowledge that China plays a significant role in determining the course of this relationship. While the U.S. often appears to assume the role of the “decider,” it is crucial to dispel this notion and recognize China’s substantial role and responsibility in shaping the intricate dynamics of this relationship. China has a history of?suspending regular dialogue, particularly military-to-military discussions, to express its displeasure with U.S. actions. This pattern has been evident over the years, particularly regarding?the Taiwan issue.
- The U.S. has recently implemented robust policies aiming to protect our national security interests and influence China’s long-term behavior.?Examples include increased U.S. focus on espionage and?cyber-spying from China, measures to strengthen and expand?export controls on semiconductor chips, an executive order on outbound?investment screening, and the inclusion of Chinese companies on various?trade and economic target?lists like the BIS Entities list that have been cited by China as evidence of the U.S. focusing on containing China’s comprehensive national power.?
- Moving beyond these contentious points, the Xi-Biden meeting on the margins of the APEC Summit offers an ideal setting for the U.S. and China to rekindle the spirit of collaboration and cooperation, reminiscent of the framework for cooperation that emerged from the previous year’s G-20 meeting in Bali.
2?? .Worthy audience a/m complexities underscore the importance of the upcoming Xi-Biden summit and the need to demonstrate that the overall relationship can endure individual actions or competitive moves without destabilizing the entire relationship over specific issues. The intention is to illustrate that the competition-cooperation framework is not an on-off switch based on emotional reactions but a comprehensive approach to managing the bilateral relationship.
- The key goal for both the U.S. and China during the meeting in San Francisco should be to show the world that both countries can be rational and practical managers of their bilateral relationship, while showcasing their roles as responsible and stable world powers. The summit offers an opportunity to inject stability into an increasingly precarious world. Both nations must acknowledge their common challenges and seek new areas of cooperation, while considering the priorities of allies, companies, and investors who demand a balanced and nuanced approach to U.S.-China relations.
- Many U.S. businesses ardently desire a stable bilateral relationship, believing it can help mitigate the geopolitical risks looming over their operations in China. Among these companies, giants like?Apple,?Nike,?and?Caterpillar?hold a unique position, heavily reliant on the Chinese market to drive a substantial share of their revenue and?underpin their growth forecasts. China is not merely a colossal consumer market; it stands as a manufacturing epicenter, offering a cost-effective production infrastructure.
- However, this deep-rooted reliance underscores their vulnerability to disruptions and uncertainties in the ever-shifting landscape of U.S.-China relations. Their operational success is intricately linked to unobstructed access to China’s vast market. Any encumbrances or limitations on their ability to conduct business within China’s borders can significantly impact their financial performance and profitability.
- A constructive shift in bilateral relations could potentially yield increased market access and fewer regulatory hurdles, essentially paving the way for these companies to broaden their footprint in China. For brands like Apple and Nike,?the role of Chinese consumers is pivotal. An improved geopolitical atmosphere not only aids in enhancing the perception of foreign brands in China but also has the potential to lessen nationalistic sentiments among consumers.
- Furthermore, heightened dialogue between the U.S. and China could provide essential clarity regarding China’s long-term political and economic trajectory and its commitment to accommodating foreign enterprises and investors without bias. This level of transparency is paramount for informed corporate decision-making. The presence of ambiguities in these domains can result in cautious investments and hinder strategic planning.
- In a recent op-ed, Secretary Yellen underscored the necessity of channeling the new economic dialogue toward addressing concerns relating to Beijing’s unfair economic practices, non-market instruments, and actions affecting U.S. firms operating in China. Her emphasis is well-placed, and if China genuinely aspires to attract more foreign investment while preventing the exodus of international companies, they must offer more than mere rhetoric to convey that China is “open for business.” Concrete policy actions are the need of the hour, policies that engender a safe and secure, transparent, predictable, and equitable business environment.
- A discernible improvement in U.S.-China relations, coupled with substantial policy changes in China, will empower companies to navigate the Chinese market with a heightened sense of confidence. Such a shift toward stability is not just beneficial for these corporations but stands to bolster the overall bilateral relationship between the two nations. In the grand scheme of things, this is a catalyst for mutual economic growth and collaboration and more global stability and prosperity.
3. Inference. Worthy audience the summit could be the final chance to stabilize the relationship, demonstrating to domestic audiences in both countries and global stakeholders that a workable, if not ideal, management framework for China-U.S. relations is possible. Both leaders should seize this opportunity before a series of potentially destabilizing events in 2024, such as the Taiwan and the U.S. presidential elections, move relationship stabilization out of reach.
- The San Francisco meeting offers the chance to redefine the narrative between the United States and China, striking a balance between competition and cooperation and setting a precedent for a more predictable and stable future that aids the global economy and helps in addressing numerous global challenges rather than exacerbating them.
- It is strongly hoped that the burning issue of Palestine-Israel Conflict would take some outcome & two state solution perspectives are given some final touches by silencing Israeli violation of Human Rights in Gaza.
- It would greatly define the roadmap of Joe Biden reelection as the President of USA for the second term.
It might rewrite the beginning of new Peace Order all over the world disputed territories /conflicting Nations.
- It will clutch away all possibilities of outbreak of a nuclear war or WW-III as per the perceptions of Muslims & Jews scriptures Interpretations by radical clergies & regional powers.
- It might be a corner stone for inter religion harmony or coexistence under a world being driven by METAVERSE immense success for the good of the mankind & eliminating threats & prospering Climatic Disaster Control Regime as new World Order. It might be just beginning of providing level playing field for all under the joint auspices of USA-China-Russia.
