Biden-Xi to meet amid growing US wariness of China – Community News
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Biden-Xi to meet amid growing US wariness of China

US President Joe Biden and Chinese President Xi Jinping will meet virtually on Monday to identify areas in which the two countries can work together. Still, a recent poll is a reminder of how reluctant Americans have become in recent years about China and the complex environment facing businesses in both countries.

In a big shift from 2019, 58% of Americans now say trade between the two countries is doing more to weaken US national security. That’s 33% in 2019, the Chicago Council on Global Affairs found in a poll released last month. “Americans currently believe that trade with China has more negatives than positives for the United States,” the report said.

A multiple of Americans (40%) reflect suspicion about the US’s economic position in the world and say China is economically stronger than the United States, the council found.

About 62% were also in favor of raising tariffs on products imported from China and significantly reducing trade between the two countries, even though it would increase costs for US consumers (57%).

The Chicago poll, conducted since 1974, is designed to measure US opinion on foreign policy issues. The latest survey was conducted from July 7-26 (link here). The results are generally consistent with those found earlier this year by the Pew Research Center.

The White House announced the meeting with Xi on Nov. 12, saying: “The two leaders will discuss ways to responsibly manage competition between the United States and (People’s Republic of China), as well as ways to work together where our interests lie. lie in one line. President Biden will be making clear US intentions and priorities all along and being clear and candid about our concerns with the PRC.” The US and China made headlines this week at the COP26 meeting in Glasgow with an agreement to work to reduce methane emissions, encourage decarbonisation and create regulatory frameworks to reduce greenhouse gases.

In the US, Biden’s approval rating has fallen to just 38% this month amid issues with inflation, immigration policies and the chaotic withdrawal from Afghanistan, to name a few. For its part, China is struggling with slower economic growth and high debt.

China’s economic prowess as the world’s No. 2 economy, GDP growth and relative success in mitigating the effects of the Covid-19 pandemic continue to make it an attractive market for US companies. US companies are among the largest foreign investors in China; it is a group that includes Intel, Tesla, GM and Ford. Chinese companies with US investments include BYD, Fosun and Fuyao Glass.

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