• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia
China

A beleaguered Barack Obama goes to meet a confident Xi Jinping at APEC

By
TIME
TIME
Down Arrow Button Icon
By
TIME
TIME
Down Arrow Button Icon
November 10, 2014, 8:59 AM ET
JEWEL SAMAD/AFP—Getty Images

This post is in partnership with Time. The article below was originally published at Time.com.

By Emily Rauhala, TIME

The last time President Obama’s plane touched down in the Chinese capital, it was November 2009. The U.S. economy was in the doldrums, Obama was bold and charismatic, riding high on hope and change, and promising a “pivot” east. He met then with China’s stone-faced former President, Hu Jintao, a cadre who oversaw rapid economic expansion but will be remembered for his sheer colorlessness.

Today, the U.S. economy is back on track, but Obama is politically battered. He meets this time around with his new Chinese counterpart, President Xi Jinping. Since coming to power, Xi has proved himself as savvy as his predecessor was a snore. As growth slowed, he moved quickly to consolidate power and purge rivals, earning comparisons to strongmen like Mao Zedong and Deng Xiaoping. His goal is nothing short of the “revitalization of the Chinese nation.” He talks evocatively of the “Chinese dream.”

The reversal of fortune is not lost here. Though the atmosphere at this week’s Asia-Pacific Economic Cooperation (APEC) summit is outwardly welcoming — heck, they literally cleared the skies of smogfor the event — there is definitely a “my, how the tables have turned” sentiment in the air. “Obama always utters ‘Yes, we can,’ which led to the high expectations people had for him,” scoffed one particularly strident editorial in the Global Times, a state-linked newspaper. “But he has done an insipid job, offering nearly nothing to his supporters.”

But the meet may yield more than schadenfreude alone. Having essentially shut down swaths of the northern China to keep the pollution away and the traffic flowing, China will be laying out the welcome mat for the visiting dignitaries, Obama included. On Monday, Nov. 10, the U.S. President delivered a speech at APEC, before a dinner and a fireworks display. The main event will be a meeting at the Great Hall of the People on Wednesday. (From there, Obama flies south to Burma, officially known as Myanmar, and then on to the G-20 in Australia.)

Though the Xi-Obama talks are unlikely make headway on issues like human rights, cyberspying or disputed territories in the South China Sea, both sides insist there is room for some positive steps, perhaps on climate change or antiterrorism cooperation. And the release of two U.S. prisoners from North Korea on the eve of Obama’s arrival may give them reason to talk about how to manage relations with North Korea’s young dictator, Kim Jong Un.

The U.S. will be pushing hard for a trade pact called the Trans-Pacific Partnership (TPP), an American-led agreement between 11 nations that would put the “pivot” into action at last. Secretary of State John Kerry called it “a battle that we absolutely must win.” In Beijing on Nov. 10, Obama emphasized economic integration. There is “momentum building around a Trans-Pacific Partnership that can spur greater economic growth, spur greater jobs growth, set high standards for trade and investment throughout the Asia-Pacific,” he says.

The challenge, however, is that China — which is not part of the TPP — is fighting for a separate pact, the Free Trade Area of the Asia Pacific, or FTAAP. On this and other issues Beijing’s message is clear: We’ll be cordial, but this is a new era, and we can play by our rules.

About the Author
By TIME
See full bioRight Arrow Button Icon
0

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • Future 50
  • World’s Most Admired Companies
  • See All Rankings
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map
Fortune Secondary Logo
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Most Popular

placeholder alt text
Economy
'This cannot be sustainable': The U.S. borrowed $50 billion a week for the past five months, the CBO says
By Eleanor PringleMarch 10, 2026
3 days ago
placeholder alt text
AI
'Proceed with caution': Elon Musk offers warning after Amazon reportedly had mandatory meeting to address 'high blast radius' and AI-related incidents
By Sasha RogelbergMarch 11, 2026
2 days ago
placeholder alt text
Future of Work
'I don't know if we're ready': Governors from each party appalled at 100-year-old federal workforce strategy
By Catherina GioinoMarch 12, 2026
23 hours ago
placeholder alt text
North America
The U.S. Mint dropped the olive branch from the dime. What does that mean for the country?
By Catherina GioinoMarch 12, 2026
14 hours ago
placeholder alt text
Personal Finance
The national debt isn't $39 trillion. One economist says it's actually $100 trillion
By Nick LichtenbergMarch 13, 2026
7 hours ago
placeholder alt text
AI
Sam Altman admits AI is killing the labor-capital balance—and says nobody knows what to do about it
By Nick LichtenbergMarch 12, 2026
24 hours ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.