Here at our CUSEF blog, we share news, updates and stories about China and the United States. We provide more than a cursory glimpse of what’s going on between the two powers - here, we offer an in-depth look into their current state of affairs.

The Exchange

The Exchange - December 9, 2022

  • Xi Visits Saudi Arabia | President Xi Jinping visited Saudi Arabia this week for several summits, including a Saudi-Chinese summit, a China-Arab summit, and a China-Gulf Cooperation Council (GCC) summit. Xi will meet with leaders from 14 Arab heads of state during his trip, which has been called a “milestone” for Arab-Chinese relations. During Xi’s visit, China and Saudi Arabia signed 34 energy and investment agreements. Saudi Arabia’s goal is to increase trade with Beijing and regional security, but observers say this meeting is another instance of American allies growing closer to China.
  • U.S. and EU Dialogue on China | The U.S. Department of State and the European External Action Service met for the second high-level Dialogue on China in Washington D.C. last week. During the meeting, both parties discussed balancing areas of cooperation and competition with China, as well as concerns over China’s human rights situations, the South China Sea, and Taiwan. The session ended with a further commitment to coordinate on maritime security, which will include a joint U.S.-EU naval exercise in 2023.
  • Biden Visits American Semiconductor Facility | U.S. President Biden visited a new computer chip plant of Taiwan Semiconductor Manufacturing Company (TSMC) in Arizona to emphasize the impact of the 2022 Chips and Science Act. TSMC announced it would raise its investment in the state to $40 billion on the same day. Biden has also made trips to visit other plants in Ohio and upstate New York. While these visits are aimed at promoting new job opportunities, observers say this also serves to limit American reliance on importing semiconductor chips, tightening the competition between the U.S. and China.

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