hello, if you havejustjoined us, you are very welcome. let s crack on with the top business stories. we start in san francisco where, as you have been hearing, president biden has hailed real progress following four hours of talks with china s president xi on the sidelines of the apec summit. they agreed to reopen communications between the military on both sides and work together to stem the flow of the opioid drug fentanyl into the us. but there was no concession from the us on lifting trade sanctions on china including the export ban on advanced computer chips which president xi had complained is harming china. the united states will continue to compete vigorously with the prc, but we ll manage that competition responsibly so it doesn t veer into conflict, or accidental conflict. and where it s possible, where our interests are.coincide, we re going to work together like we did on fentanyl. that s what the world expects of us. the rest of the world expects no
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requires intense diplomacy to make sure a given incident or areas of disagreement do not spiral or veer into conflict which would effect not only the us and china but the rest of the world. as you said, many areas of disagreement between both sides. do you think there is any area where both sides might make real tangible progress? i think it is really about finding areas where they might tacitly co ordinate, for example vis a vis the war on ukraine where certainly the us has more insights into what ukraine is thinking, european allies, and china will have more insights into its strategic partner, russia. and certainly issues like iran s nuclear program or potential areas, the global macro economy, things like that there could be tacit cooperation. but ther eis not going to be explicit partnership
powers these days but it is really the view from the biden administration that this intense strategic competition or geopolitical competition, as they call it, requires intense diplomacy to make sure a given incident or areas of disagreement do not spiral or veer into conflict that would effect not only the us and china but the rest of the world. do you think there is any area where both sides may make tangible progress? i think it is really about finding areas where they passively co ordinate, for example vis a vis the war on ukraine where the us has more insight into what ukraine is thinking, european allies,
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