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The Exchange - November 11, 2022

2022-11-11
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  • Xi-Scholz Meeting | In the meeting with German Chancellor Olaf Scholz, Chinese President Xi Jinping called on the EU to retain strategic autonomy to achieve mutual benefits, while the German leader expressed the hope to continue strengthening economic relations with China. The leaders exchanged views on the Ukraine crisis and opposed the use of nuclear weapons. Experts see the German chancellor's talk with Xi show a way to limit reliance on China without decoupling. Others say the talk will "stop the bleeding" in China-EU relations, signaling more European countries will follow Germany's approach to China.
  • COP27 Climate Conference to Debate Whether Rich Nations Will Pay for Damage | The international climate talks, COP27, launched in Egypt’s Sharm el-Sheikh against sobering data. For the first time, the topic of “funding arrangements” for loss and damage was included on the COP27 agenda, overcoming U.S. objections in favor of a bloc of the least-developed countries and emerging economies, backed by China. Efforts to come to a globally-beneficial agreement are hindered by the fact that the world’s two largest greenhouse gas emitters, the U.S. and China, are “barely speaking to each other.” On the sidelines of the Summit, French President, Emmanuel Macron, called both the U.S. and China out to step up on emissions cuts and financial aid.
  • U.S. Midterm Election Outcomes Could Shape U.S. Policies On China | As the outcomes of the U.S. midterm elections begin to call, the Republican “red wave” does not appear as predicted and the control of Congress still hangs in the balance. Experts say that the policy toward China will not change in the short term, regardless of whether the Democrats or Republicans win. But if the Republicans take control of the House, the U.S. stance is likely to become tougher. Others note whether President Xi and Biden meet at the G20 summit in Indonesia will depend largely on the results of the midterm elections.
Read the full report here.

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