The recent APEC summit held in San Francisco marked a significant step towards stabilizing US-China relations and establishing a framework for the future [ee10f9aa]. The meeting between US President Joe Biden and Chinese leader Xi Jinping aimed to address the strained relationship between the two countries and work towards cooperation and dialogue [ee10f9aa]. Biden emphasized the commitment to strong diplomacy on global issues and the resumption of military-to-military communication to reduce the risk of miscalculation [ee10f9aa]. The summit highlighted the deep mutual distrust between the US and China, with the overall relationship significantly deteriorating compared to a decade ago [ee10f9aa]. While some concrete achievements were mentioned, such as restoring law enforcement cooperation and initiating discussions on artificial intelligence, many cooperative activities remain as frozen action items [ee10f9aa]. The agreements reached between Biden and Xi Jinping on key issues, including curbing the production of illicit fentanyl and engaging in intergovernmental dialogue on artificial intelligence, are seen as positive signs but are not expected to change the structural challenges in the bilateral relationship [ee10f9aa]. The APEC summit aims to foster understanding among leaders and address global economic cross-currents and other challenges [ee10f9aa]. The meeting between Joe Biden and Xi Jinping at the Asia-Pacific Economic Cooperation (APEC) Summit in San Francisco has provided a foundation for rebuilding trust and pursuing cooperation between the US and China. While the summit was not expected to resolve all the issues driving the rivalry between the two countries, it has created a more permissive environment for working together on global issues and reducing the risk of military conflict. The relationship between the US and China is characterized by competition, with Biden emphasizing America's commitment to defending its allies in the Indo-Pacific region and Xi warning against containment. The two leaders also had differing views on technology de-risking and Taiwan. The Chinese state media portrayed the meeting as friendly and firm, highlighting the warm interactions between Xi and Biden. Social media reactions in China varied, with some expressing hope for US actions to match their words. Overall, the meeting has stabilized the US-China relationship for now, but tensions and differences remain. The Asia-Pacific Economic Cooperation (APEC) summit in San Francisco was overshadowed by a bilateral summit between US President Joe Biden and Chinese Communist Party general secretary Xi Jinping. The meeting took place at a time when the post-Cold War international economic consensus is crumbling. The liberalization of international trade and economic activity, which was expected to benefit everyone, has faced challenges. The Covid-19 pandemic and the Russia-Ukraine war exposed the vulnerabilities of the system. China's dominance in manufacturing supply chains and its distortionary practices, along with the weaponization of economic interdependence by major powers, have contributed to the collapse. Inequality within economies has also increased. Policymakers in the US, Japan, and India are now focusing on de-risking and reshaping the global economy. They are prioritizing domestic production, regional blocs, and industrial policies. This shift has faced criticism but may present opportunities for developing countries. The old neo-liberal paradigm has reached its limitations, and competition in the new international economy might offer a better path for some. The article from Khmer Times discusses the history of China-US relations and the potential for a reset at the APEC meeting [42ce5ca9]. It highlights the importance of pragmatism over ideology in addressing global challenges such as climate change and poverty. The author emphasizes the need for direct discourse between China and the US to solve mutual concerns. The article also mentions the significance of the Asia-Pacific region and the potential for collaboration between China and the US to benefit the region. Overall, the article expresses optimism for a reset in China-US relations and the potential for positive outcomes. The APEC summit has provided a platform for the US and China to engage in direct dialogue and address their differences in a pragmatic manner [42ce5ca9]. The focus on pragmatism over ideology is seen as a positive step towards finding common ground and working together on global challenges. The article also highlights the importance of the Asia-Pacific region and the potential for collaboration between China and the US to have a positive impact on the region as a whole. While the APEC summit is not expected to resolve all the issues between the two countries, it has created a more conducive environment for cooperation and dialogue, which is a significant development in the US-China relationship. The meeting between Biden and Xi Jinping at the APEC summit is seen as a reset in China-US relations and a step towards stabilizing the overall relationship. The article's analysis aligns with the broader narrative of the APEC summit and the efforts to rebuild trust and pursue cooperation between the US and China.