Xi expresses willingness to collaborate with new U.S. administration at APEC summit

Chinese President Xi Jinping expressed readiness to collaborate with the incoming U.S. administration during a meeting with President Biden at the Asia-Pacific Economic Cooperation summit. Xi's comments hinted at concerns over President-elect Donald Trump's protectionist stance. Biden and Xi discussed the fluctuating U.S.-China relationship, emphasizing the need for communication and cooperation. Biden reflected on their long history of engagement, while Xi highlighted the importance of managing differences for mutual benefit. The meeting comes amid uncertainty regarding future U.S.-China relations under Trump, who has proposed significant tariffs and trade restrictions on China. American companies are already diversifying their supply chains away from China in response to these potential changes.