China Decode: What's at Stake Ahead of Trump and Xi's September Meeting, and China's Biotech Surge
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The numbers of US dependence on China are startling. You know, China has fifty percent of the world's API advanced pharmaceutical imports capacity globally, but uh you know, around about half of the US's APIs imported come from China.
And that's continuing. I think there is competition from India and from other countries too, but China remains a core global, you know, source of basic uh drug um building blocks.
Welcome to China Decode. I'm Alice Han.
And I'm James King.
In today's episode of China Decode, we're discussing the future of US China competition as another Trump She meeting approaches, the booming Chinese pharma industry, and what that means for the rest of the globe. All right, let's get into it. James, an undercurrent in so many of the stories uh we do is the ongoing competition between the US and China and what that means for global power that cuts across geopolitical and economic lines, and every lobby back and forth between these two superpowers has impacts. Trump and Xi Jinping will meet next in Washington, D.C. on September 24, a reciprocal visit for Trump's. Trip to China this past spring. And their conversation is likely to focus on trade and artificial intelligence as well as other economic and political issues.
But a lot can shift in just a few weeks. So, James, you know, we've got a major trip coming up on the part of Xi Jinping going to the US. There has been very little in the media that's been leaked about what they're actually going to come out uh with in terms of deals. Uh so I'm skeptical we get any major announcements. But the two pressing deadlines that uh forced upon us on November 10, uh the trade truce and the rare earths uh extension truce deadlines. Um they probably will get be extended, but I'd imagine this will be a subject for that meeting. The general feeling is that nothing is really gonna come out of it and they're teeing themselves up for Trump potentially going to Shenzhen in November, mid November for Apex.
But when I broadened out No, compared to when Trump visited she Uh back in May. It feels that the US is in a weaker geopolitical position. It has kind of botched its uh Middle East Iran policy. It's got the mid times coming up and the probabilities of the of uh Democrat sweep in the House and Senate are rising, it seems, every day. Uh and and meanwhile, Trump doesn't seem to be r uh improving his relations with uh, you know, G seven countries, allies, including Europe and now Canada. So do you agree with me, James, that Trump is meeting she in a weaker position than when they last met?
Yes, I mean I I do, Alice. Um, I think at the time when Trump and C met in May, I think I was saying that I thought China was now the senior partner in this relationship. And uh, you know, that was somewhat controversial at the time. Some people contacted me to say that that was not the case. I think that's even more the case now than uh at that time. And I think uh the reason for this is that as As you mentioned, um, the US has been botching several of its uh policies around the world, and obviously it's now much more bogged down in the Iran war than it was previously. Um, I don't think that this has to be the end of the story. Um, obviously, these are two huge, hugely powerful superpowers.
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