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BBCNEWS Asia July 2, 2024

business correspondent, nick marsh. nick, great to see you. what details do we have about what president biden announced? he: didn t really say much in the end, to be honest. he said there is more work to be done when it comes to the indo pacific economic framework. i would say that s a bit of an understatement. we have been talking about this agreement, it s not even a properfree trade agreement, it s not even a proper free trade agreement, let s not forget. we have been talking about it for about a year and a half. still no consensus reached. i think the latest stumbling block was on securing an agreement on workers rights and environmental protections. i think itjust goes to the heart of what s been achievable and not achievable at this apec summit on the diplomatic front, there has been considerable between china and the progress us, the mood music has been positive, the economic issues are much harder to unpick. the united states knows that china dominates this re ....

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BBCNEWS Asia July 2, 2024

communication between washington and beijing are being re established, notjust being re established, not just to being re established, notjust to deal with military tensions but also to on counter drug. president biden said it didn t mean the two countries would stop competing. united states will would stop competing. united states will continue would stop competing. united states will continue to - would stop competing. united | states will continue to compete vigorously with prc but will manage that competition responsibly so it doesn t veer into accidental conflict. and where it s possible, where our interests coincide, we are going to work together, like we did on fentanyl. that s what the world expects of us. not just people in china and the us, but the rest of the world expects that of us.- us, but the rest of the world expects that of us. joining now from san francisco, expects that of us. joining now from san francisco, the - expects that of us. joining ....

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BBCNEWS Asia July 2, 2024

to discuss, not least the ongoing disputes over trade, technology, taiwan, and fentanyl. the bbc s james clayton is in san francisco and he s filed this report. apec has started here and it is a huge moment for the city of san francisco, the biggest summit to be held here since the united nations charter was signed here in 1916. this is a huge economic summit. you are talking about more than 50% of all of the world s trade belongs to the 21 nations who will be attending here this week. and we are talking about 40% of the world s population. so it is a big economic conference, but by far the biggest ticket item here is the meeting between president biden and his counterpart in china, president xijinping. relations between those two nations have not been good as late. they last met last year in indonesia and since then you have had that moment where the american government shot down the chinese spy balloon and flaming tensions in the south china sea and also joe biden ram ....

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BBCNEWS World July 2, 2024

taiwan and the drug fentanyl. joining me now is george magnus, research associate at the china centre, oxford university. so many things on the agenda, but what will be the priority? weill. so many things on the agenda, but what will be the priority? what will be the priority? well, i think it would what will be the priority? well, i think it would be what will be the priority? well, i think it would be a what will be the priority? well, i think it would be a delusion - what will be the priority? well, i think it would be a delusion to i think it would be a delusion to think it would be a delusion to think that there s going to be a sort of loving and the problem is that the countries had in trade and technology will make any headway but having said that, both leaders have a vested interest in trying to stabilise what is their most important external relationship. and there has been tittle tattle about there has been tittle tattle about the kind of things that mi ....

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BBCNEWS Asia July 2, 2024

in a battle for global economic dominance, plenty of countries are paying close attention to what it might mean for them. widodo s indonesia is no exception. from jakarta our asia business correspondent nick marsh, reports. this is a country on the move. super high speed rail has come to indonesia. this was built by chinese engineers and financed with chinese loans. once upon a time indonesia s largest trading partner was the us. that train has left the station. now, it is china. they were given the nod to build this over america s ally and the master tree makers, japan. this train is notjust the testament to chinese engineering, the fact it was chosen overjapan s offer is a vote of confidence in china. the truth is that countries like indonesia are hungry for infrastructure and china is more than happy to provide it. but china cannot provide everything. this is but when s brand new office. the everything. this is but when s brand-new office. the president and i started ....

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