As the Asia Pacific Economic Cooperation (APEC) summit begins in San Francisco, all eyes will be on the meeting between Presidents Xi Jinping and Joe Biden as China and the United States try to stabilise relations damaged by trade and security concerns.The leaders of the two world powers will meet on Wednesday for a more than four-hour meeting on the sidelines of the summit and will have dinner with Silicon Valley chief executives.Rising tensions between the two countries – including on tariffs, semiconductor chips, surveillance and China’s increasing militarisation in the South China Sea – have meant that US companies have looked to expand or move their China-based businesses to Mexico, Southeast Asia, India and even back in the United States over the past few years.
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