While at the summit, President Xi is also scheduled to meet with President Joe Biden, with the two leaders expected to sign a deal limiting the use of artificial intelligence in nuclear weapon control systems. The meeting comes at a time when China is grappling with economic challenges, including a property market crisis and high youth unemployment.
Key takeaways:
- The Asia-Pacific Economic Cooperation (APEC) meeting is being hosted by the US for the first time in 12 years, with many business and tech leaders expected to attend, including Microsoft CEO Satya Nadella and Tesla CEO Elon Musk.
- Chinese President Xi Jinping is hosting an exclusive dinner for top executives, with many hoping to improve their business relationship with China.
- Despite the tense relationship between the US and China, many US businesses, such as Apple, rely heavily on China for manufacturing and consumers.
- President Xi and President Biden are expected to sign a deal limiting the use of artificial intelligence in nuclear weapon control systems during the summit.