The Booty Report

News and Updates for Swashbucklers Everywhere

Biden be backin' a 'fairly payin' job' for the 'common lubber in China,' yet he won't hand o'er US trade secrets, arrr!

2023-11-14

Avast ye mateys! Afore his grand encounter with the Chinese cap'n Xi Jinping, President Biden declares that triumph shall entail a return to the gallant days of U.S.-Sino camaraderie, sailing a smooth and steady course once more, aye!

President Biden has outlined his goals for his upcoming meeting with Chinese President Xi Jinping, emphasizing the importance of maintaining communication and not "decoupling" from China. He wants to return to a "normal course" of correspondence, including being able to pick up the phone and talk to each other in times of crisis. Biden believes that changing the relationship for the better is crucial, as it would benefit both the Chinese people and the United States. However, he also stated that he would not support positions that require turning over trade secrets in order to invest in China.

The meeting between Biden and Xi is set to take place in California and will cover various topics, including managing competition responsibly and addressing regional and global issues such as the conflicts in Ukraine and the Middle East. They will also discuss potentially contentious topics like election interference. This will be the second in-person meeting between the two leaders since Biden took office.

The Biden administration has been working to restore diplomatic relations with China after years of tensions. The U.S. has accused China of stealing technology and trade secrets, and relations reached a low point earlier this year when a Chinese spy craft entered U.S. airspace and was shot down. The status of Taiwan has also been a point of contention between the two countries, with China refusing to acknowledge Taiwan's sovereignty while still engaging in diplomatic missions with Taiwanese leaders. The ongoing conflicts in Ukraine and the Middle East have further complicated relations between the U.S. and China.

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