"Xi entered Thursday's summit with the US president in a far stronger bargaining position compared with their last face-to-face meeting in 2019 and he left their talks with some rare concessions in the form of a partial rollback of technology-related export controls."
"In the face of winds, waves and challenges, we should stay the right course, navigate through the complex landscape, and ensure the steady sailing forward of the giant ship of China-US relations, Xi said. China believes it is far, far closer to a peer now, said Dexter Roberts, a non-resident senior fellow at the Atlantic Council's Global China Hub. I think China has definitely increased its stature and the US has diminished its stature, he told Al Jazeera."
"Since Trump launched his first trade war with China in 2018, Beijing has fortified the Chinese economy to better withstand US pressure and bolstered its ability to apply pressure of its own on Washington. Soon after the Trump administration dramatically expanded the scope of its export blacklist to include thousands of Chinese subsidiaries last month, Beijing announced that companies anywhere in the world would need approval to export goods containing even trace amounts of its rare-earth metals. The move signalled Beijing's willingness to leverage its effective stranglehold on the critical minerals which are used in manufacturing everything from smartphones to electric ca"
Since 2018, the balance of power between the United States and China has shifted decisively toward Beijing after the trade war began. Xi Jinping entered the APEC sidelines meeting in a stronger bargaining position than in 2019 and secured rare concessions including a partial rollback of technology-related export controls. Xi framed the relationship as two captains steering a ship, signaling claims of equal status. Beijing fortified its economy to withstand US pressure and developed tools to retaliate. After the US expanded export blacklists, China required approvals for exports containing trace amounts of its rare-earth metals, leveraging control over critical minerals used in smartphones and electric vehicles.
Read at www.aljazeera.com
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