Tuesday Briefing: Looking Toward a Biden-Xi Meeting | ET REALITY


President Biden and his Chinese counterpart, Xi Jinping, will meet tomorrow as both seek to maintain ties and business leaders observe a thaw.

The summit will not end the confrontation between the United States and China, the world’s largest economies. But it is a sign that Biden and Xi want to continue relations, despite trade tensions, tit-for-tat sanctions and questions about Taiwan’s future. Dealbook’s newsletter looks at what’s at stake in the meeting.

U.S. officials have been at pains to emphasize that the United States and China are competitors and not zero-sum rivals. Jake Sullivan, national security adviser, called the countries “economically interdependent” and Janet Yellen, secretary of the Treasury, warned that economic separation “would have significant global repercussions.”

Common ground: The United States hopes to resume military communications with China that were disrupted after Rep. Nancy Pelosi visited Taiwan last year. The United States is also seeking cooperation in efforts to stop climate change and fentanyl trafficking: China is a major source of the drug.

About business: Many Western companies say it is increasingly difficult to operate in China. But that might not matter to Xi. Images of the Chinese leader breaking bread with American chief executives may be valuable enough for his audience at home.

A history of gloomy opinions: A collection of Xi’s speeches from early in his administration shows how he has at times expressed an almost fatalistic conviction (even before Beijing’s ties with Washington fell sharply during the Trump administration) that China’s rise would provoke a backlash. violence from its Western rivals.

Israeli military vehicles advanced to the gates of the besieged Al-Shifa hospital complex yesterday, Gaza health officials said.

Medicines and food are running out for the hundreds of patients and thousands of people taking refuge there. Without power or fuel, dozens of corpses are decomposing, a head nurse and a health official said, and hospital staff are trying to keep premature babies warm after removing them from now-useless incubators. A head nurse said patients on life support died because there was little oxygen. The United Nations High Commissioner for Human Rights said a loss of power had led to at least 12 deaths.

Israeli officials say that beneath the hospital complex, a roughly 12-acre compound in Gaza City, lies a vast underground Hamas command center, one of its main targets in the war. Hamas and the hospital’s doctors deny the existence of such a command center.

Here’s the latest.

The Philippines released its most famous political prisoner, Leila de Lima, on bail. She was the public face of opposition to former President Rodrigo Duterte’s brutal war on drugs, in which thousands of people died.

De Lima, a former senator who opened multiple investigations into Duterte’s anti-drug campaign, was accused of accepting bribes from jailed drug traffickers. She was never convicted, but she had been detained since February 2017.

Transcendence: De Lima’s release is likely to improve the Philippine government’s image abroad. Many Western lawmakers have called for his release from President Ferdinand Marcos Jr., who has made deepening his country’s alliance with Western governments a cornerstone of his foreign policy.

The US headquarters of Myanmar’s Government of National Unity, formed as an alternative to the junta that orchestrated a coup in 2021, operates out of a co-working space in Washington, DC, that is barely larger than a cubicle. Its members have to fight for recognition amid global apathy and ignorance in a country that has never made Myanmar a foreign policy priority.

Here’s an in-depth look at their struggle.

Restoring global forests where they occur naturally could capture an additional 226 gigatonnes of planet-warming carbon, equivalent to about a third of the amount humans have released since the beginning of the Industrial Age, according to a new study published in the journal Nature. .

Primarily, additional storage capacity would come from allowing existing forests to recover to maturity. Sixty-one percent of that capacity would come from protecting existing forests and the other 39 percent from growing trees in deforested areas with little human footprint.

But trees are far from a miracle solution to climate change. Thomas Crowther, lead author of the study and professor of ecology, fears that countries and companies will continue to treat them this way, using forests to offset carbon emissions and enable continued use of fossil fuels.

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