November 13, 2023
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One is the self-styled working-class hero and defender of democracy frustrated at not getting his due for a robust economy as elections loom. The other is an enigmatic imperial leader, born into the political elite, building authoritarian alliances around the world even as his economy confronts a generational slowdown.
That Joe Biden and Xi Jinping lead the world’s largest economies should be reason enough for them to overcome their clashing biographies and worldviews. When they sit down for a tête-à-tête in San Francisco this Wednesday, they’ll also be acknowledging something they’d probably prefer not to: They need each other.
The rivalry between the US and China is here to stay. There are too many grievances on both sides and intractable areas of disagreement between them, from the future of Taiwan to the basic rules of fair economic competition, for that to change. Any thaw emerging from San Francisco is also likely to be fragile. It took just one spy balloon for things to quickly go bad last time.
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