• Investing
  • Stock
Round Table Thoughts
  • Economy
  • Editor’s Pick
Home Economy Biden supports ‘decent paying job’ for ‘average citizen in China,’ but won’t surrender US trade secrets
Economy

Biden supports ‘decent paying job’ for ‘average citizen in China,’ but won’t surrender US trade secrets

by November 15, 2023
by November 15, 2023 0 comment
Share
0
FacebookTwitterPinterestWhatsapp

President Biden defined on Tuesday what success would mean for his upcoming meeting with Chinese President Xi Jinping, emphasizing that America cannot ‘decouple’ from China. 

The president said his goal for Wednesday’s meeting is a return to a ‘normal course’ of communication between the U.S. and China. 

‘We get back on a normal course of corresponding, being able to pick up the phone and talk to one another in a crisis. Being able to make sure our military still have contact with one another,’ Biden said in response to a reporter’s question at an event announcing the release of the fifth National Climate Assessment. 

‘We’re not trying to decouple from China, but what we’re trying to do is change the relationship for the better,’ he continued. ‘From my perspective, if in fact the Chinese people – who are in trouble right now economically – if the average homeowner, if the average citizen in China was able to have a decent paying job, that benefits them, it benefits all of us.

‘But I’m not going to continue to sustain support for positions where if we want to invest in China, we have to turn over all our trade secrets,’ he added. 

Biden is set to meet with Xi in California on Wednesday as the two leaders seek to ease tensions between their countries. 

The White House has said Biden and Xi are expected to discuss the relationship between the United States and the People’s Republic of China, including the importance of maintaining ‘open lines of communication.’

A senior administration official previously said the two leaders will also discuss ‘managing competition responsibly,’ along with a range of regional, global and transnational issues, including Russia’s war in Ukraine, the Israel-Hamas war and the growing conflicts in the Middle East.

Additionally, they will broach ‘potentially contentious’ topics, including election interference, with Biden planning to warn Xi about potential election influence operations. 

Wednesday’s meeting will be the second in-person meeting between Biden and Xi since the U.S. president took office in January 2021, but the ‘seventh interaction,’ the official said. 

They previously met in Nov. 2022 at the G20 Summit in Bali, Indonesia, where they mutually agreed it would be better to have more direct communication between the U.S. and Chinese leadership.

The Biden administration has sought to restore diplomatic relations with China after years of escalating tensions over the status of Taiwan, the coronavirus pandemic and the Trump administration’s threats of new tariffs on Chinese goods. The U.S. has also accused China of stealing American technology and trade secrets, and relations reached a low point earlier this year when the Biden administration announced a Chinese spy craft had drifted into U.S. airspace and was shot down over the Atlantic Ocean. 

China has taken offense to U.S. strategic ambiguity on the Taiwan Independence issue, refusing to acknowledge the island’s claim to sovereignty while still sending diplomatic missions to meet with the Taiwanese leadership.

The Russian invasion of Ukraine and the violent conflict between Hamas and Israel have also complicated relations as the U.S. and China jostle for strategic diplomatic positions on the conflicts.

Fox News Digital’s Brooke Singman and Timothy H.J. Nerozzi contributed to this report. 

This post appeared first on FOX NEWS
You Might Also Like
  • Cigarette smuggling has crippled aid delivery in Gaza as smokes go for $25 apiece
  • House resolution condemning ‘From the River to the Sea’ chant as antisemitic passes with 44 opposed
  • NASA prepares for International Space Station retirement
  • Biden serves word salad at ‘kitchen table’ economics speech
Share
0
FacebookTwitterPinterestWhatsapp

previous post
Stocks and Bonds SOAR After October CPI
next post
Freedom Caucus chair says Speaker Johnson must ‘reassert authority’ amid GOP infighting over spending plan

You may also like

New poll reveals what Democrats think of Harris as president

July 19, 2024

GOP presidential candidate shreds ‘idiotic’ calls to end American birthright...

July 4, 2023

International Criminal Court: 20 years, billions spent, limited success as...

May 24, 2024

Pharmacist GOP Rep Carter urges Biden to take cognitive test...

June 24, 2024

Biden snubbed by House Democrats as they skipped speech for...

March 3, 2023

Republicans rip Biden after Chinese spy balloon shot down: ‘Our...

February 5, 2023

Garland rips ‘unfounded’ effort to hold him in contempt after...

May 17, 2024

Tim Scott becomes fourth GOP presidential candidate to sign RNC’s...

August 11, 2023

New York City spent $50K to send migrants to Florida,...

June 25, 2023

Time for US to counter the bully at 30,000 feet

November 15, 2023

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Week Ahead: NIFTY Stays In A Defined Range; Moving Past This Level Crucial For Resumption Of Upmove

      May 31, 2025
    • Breakouts, Momentum & Moving Averages: 10 Must-See Stock Charts Right Now

      May 31, 2025
    • Leadership Rotation Could Confirm Corrective Phase

      May 30, 2025
    • Run Your Stock Portfolio Like a Pro Sports Team

      May 30, 2025
    • U.S. foreign tax bill sends jitters across Wall Street

      May 30, 2025

    Popular Posts

    • 1

      Trump-era China sanctions ended by Biden may be...

      June 27, 2024 2,765 views
    • 2

      Walz’s honeymoon with China gets fresh scrutiny as...

      August 9, 2024 2,472 views
    • 3

      Biden appointee played key role in recruiting Chinese...

      June 25, 2024 2,451 views
    • 4

      Shein’s global ambitions leaves some cybersecurity experts fearful...

      July 10, 2024 2,432 views
    • 5

      Harris VP pick spent years promoting research facility...

      August 29, 2024 2,308 views

    Categories

    • Economy (7,009)
    • Editor's Pick (2,106)
    • Investing (538)
    • Stock (2,582)

    Popular Posts

    • 1

      Trump-era China sanctions ended by Biden may be revived under new House GOP bill

      June 27, 2024
    • 2

      Walz’s honeymoon with China gets fresh scrutiny as Harris camp blasts ‘lying’ critics

      August 9, 2024
    • 3

      Biden appointee played key role in recruiting Chinese businesses to Delaware: ‘Longtime friends’

      June 25, 2024
    • 4

      Shein’s global ambitions leaves some cybersecurity experts fearful of Chinese spy threats

      July 10, 2024
    • 5

      Harris VP pick spent years promoting research facility that collaborated with ‘Chinese military company’

      August 29, 2024

    Latest News

    • Week Ahead: NIFTY Stays In A Defined Range; Moving Past...

      May 31, 2025
    • Breakouts, Momentum & Moving Averages: 10 Must-See Stock Charts Right...

      May 31, 2025
    • Leadership Rotation Could Confirm Corrective Phase

      May 30, 2025

    Categories

    • Economy (7,009)
    • Editor's Pick (2,106)
    • Investing (538)
    • Stock (2,582)

    Disclaimer: RoundTableThoughts.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 RoundTableThoughts.com. All Rights Reserved.

    Round Table Thoughts
    • Investing
    • Stock
    Round Table Thoughts
    • Economy
    • Editor’s Pick

    Read alsox

    New Hampshire considering ‘mental health’ days...

    February 8, 2023

    House GOP leaders close ranks around...

    January 4, 2024

    House committee subpoenas top White House...

    July 11, 2024
    Sign In

    Keep me signed in until I sign out

    Forgot your password?

    Password Recovery

    A new password will be emailed to you.

    Have received a new password? Login here