The United States and China are close to an agreement on “competition rules.” Beijing’s achievements at this stage of the confrontation

The first conversation between President Biden and Xi Jinping after the APEC summit occurred on April 2, 2024. At that time, the United States and China established shaky “rules of engagement,” outlining only general intentions for further negotiations without clear commitments.

As a result of the conversation between the two leaders, the United States received broad formal guarantees of China’s intentions to fulfill the agreements reached in San Francisco, primarily to give up regional expansionary tactics.

Immediately after the conversation, high-ranking defense, finance, and trade representatives participated in talks with China. Deputy Secretary of State Campbell said that the United States expects “epoch-making” changes in the global security system.