FILE - President Joe Biden, right, stands with Chinese President Xi Jinping before a meeting on the sidelines of the G20 summit meeting, Nov. 14, 2022, in Bali, Indonesia. Ahead of an expected meeting between Biden and Xi Jinping this month, Treasury Secretary Janet Yellen and Chinese Vice Premier He Lifeng convene in San Francisco to try and make progress on a slew of economic issues.
Analysts say expectations should be kept low, given the competitive nature of the countries' relationship.for the APEC summit that"it seems difficult for the United States to credibly emphasize themes such as inclusiveness, interconnectedness — the themes of this year's APEC summit — when the primary driver for U.S. economic strategy in the Indo-Pacific is not economic cooperation, necessarily, but rather economic competition."designed to regulate and block high-tech U.S.