President Obama and Xi Jinping at a news conference discussing US-China relations - Global Banking & Finance Review
Image captures President Obama and President Xi Jinping during a joint news conference, highlighting their discussions on economic cooperation and security issues between the US and China. This meeting focuses on areas of agreement, including climate change and trade, amidst ongoing tensions.
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OBAMA, XI LOOK TO HIGHLIGHT AREAS OF AGREEMENT

Published by Gbaf News

Posted on November 13, 2014

1 min read

· Last updated: March 20, 2020

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JULIE PACE, AP White House Correspondent

US-China Cooperation in Focus at Summit

BEIJING (AP) – President Barack Obama says that even as the U.S. and China compete, the world’s largest economies can work together on areas of agreement to advance the security of their people.

Obama and Xi Address Key Issues

Obama is speaking at a joint news conference with Chinese President Xi Jinping (shee jihn-peeng). The leaders are addressing reporters following two days of discussions on economic and security issues.

Ongoing Points of Tension Between US and China

Major areas of tension exist between the two countries, including cybersecurity and China’s fears that the U.S. is seeking to contain its rise.

Leaders Emphasize Agreement on Climate and Trade

But Obama and Xi are trying to accentuate areas of agreement, including joint announcements on climate change and trade. Xi also says “the Pacific Ocean is broad enough” to accommodate the development of both the U.S. and China.

Key Takeaways

  • Obama and Xi emphasize cooperation despite strategic competition between the U.S. and China.
  • Agreements announced include collaboration on climate change initiatives and trade facilitation.
  • Xi uses metaphor: “the Pacific Ocean is broad enough” to underscore dual development and regional security.
  • Two days of economic and security talks culminated in a joint news conference in Beijing.

References

Frequently Asked Questions

What areas did Obama and Xi agree to cooperate on?
They agreed on joint initiatives in climate change, trade, and regional security.
What metaphor did Xi use and what did it signify?
He said “the Pacific Ocean is broad enough” to symbolize that both countries can grow without squeezing the other, and work together on Asia’s security.
Where and when did the news conference occur?
The joint news conference took place in Beijing, following two days of economic and security discussions.

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