REUTERS/Kevin Lamarque A much-anticipated meeting between U.S. President Joe Biden and Chinese leader Xi Jinping yielded few major concrete agreements beyond a pledge to keep talking. The two sides made little to no progress over U.S. worries of Chinese aggression against Taiwan and in the South China Sea, or Beijing’s complaint that Washington’s semiconductor sanctions are designed to hamper China’s economy. And whereas in years prior, the two countries coordinated limited joint action against Iran, or North Korea, or on climate change, this meeting lacked any such efforts. After the talks, Biden once again called Xi a “dictator,” which China’s foreign ministry labeled “extremely wrong” and “irresponsible political manipulation.” Still, that the pair spoke at all was viewed as progress. Biden described their meeting as “constructive and productive” and the two countries agreed to reestablish military-to-military and climate communications. Business leaders including Apple’s Tim Cook, Bridgewater’s Ray Dalio, and BlackRock’s Larry Fink ate alongside Xi at an exclusive dinner. And the Chinese leader said the “Earth is big enough” for both countries to succeed — though one veteran China watcher described the easing tensions with a colorful Chinese idiom: “Both sides admitted that they may not pee in the same pot, but vowed to ensure they will not pee on each other.” |