Biden attends APEC summit in Peru as Xi Jinping highlights China's influence
U.S. President Joe Biden is attending the APEC summit in Peru, facing challenges due to Donald Trump's recent election victory. This situation mirrors the 2016 summit, where a lame-duck Democrat was overshadowed by a rising Republican. China's President Xi Jinping is set to inaugurate a $1.3 billion megaport in Peru, highlighting China's growing influence in Latin America. This development contrasts with Biden's diminished standing and the U.S.'s struggle to maintain its presence in the region. China's trade with Latin America has surged, while U.S. influence has waned. Analysts expect the competition between the U.S. and China to dominate discussions at APEC, with Xi's initiatives drawing significant attention.