President Joe Biden, in his recent speech at the Asia-Pacific Economic Cooperation (APEC) leadership summit, emphasized that the world is at a critical juncture.
He highlighted the importance of the symbiotic relationship between the US and the Asia-Pacific region, stating, “United States remains vital to the future of the region, and the region is more vital than ever to the United States of America.”
Biden also underscored the positive economic trends under his administration, including an unemployment rate under 4% and the highest growth rate in two years.
However, he acknowledged the disconnect between these figures and public sentiment, admitting, “We still have work to do.”
The president touched on key issues such as climate change, supply chains, sustainable economic growth, and natural disasters, all of which have been discussed at the APEC summit.
He also highlighted the need for improved labor standards, announcing the launch of a new global labor strategy.
Biden’s relationship with Chinese President Xi Jinping was also a focal point. While admitting it’s “not all Kumbaya,” Biden emphasized that the US “does not see conflict” with China. However, he acknowledged existing differences on issues like intellectual property protections, fentanyl influx, artificial intelligence concerns, climate, and economic business fairness.
In conclusion, Biden stressed the significance of the current global situation, stating, “The world is at an inflection point. The decisions we make today…are going to shape the direction of the world for decades to come…and I would argue each of us as a player has a role to play in writing that future together.”
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