South Korean President Lee Jae Myung hosted Xi Jinping for their first meeting on Saturday (November 1, 2025) as the Chinese head of state took centre stage and reforged old ties at an Asian summit from which U.S. leader Donald Trump was largely absent.

The talks on the sidelines of the APEC gathering came on the final day of Mr. Xi’s first trip to South Korea in more than a decade and a day after his meeting with Canada’s premier reset damaged ties.

Mr. Trump flew to South Korea for the summit but promptly jetted home on Thursday (November 30, 2025) after sealing a trade war pause with Mr. Xi, the pair agreeing to dial down a dispute that has roiled markets and disrupted global supply chains.

His departure left the Chinese leader to take centre stage at the Asia-Pacific Economic Cooperation summit, where he framed Beijing as a responsible power against the chaos unleashed by the United States on the international order.

Mr. Lee welcomed Mr. Xi at a grand opening ceremony complete with soldiers wearing traditional garb.

The visit was the Chinese leader’s first since 2014 and comes after years of strained ties over everything from trade to cultural disputes.

Mr. Lee told Mr. Xi he had “long looked forward to meeting you in person” and framed his trip as a reset in relations.

“As our two countries move from a vertical structure of economic cooperation to a more horizontal and mutually beneficial one, we must work together to build a relationship that delivers shared prosperity,” Mr. Lee told Mr. Xi, whose vast economy represents South Korea’s largest trading partner.

Mr. Xi, in turn, described China and South Korea as “important neighbours that cannot be moved and also partners that cannot be separated”.

He told Mr. Lee that the two countries should “respect each other’s societal differences and development paths… (and) resolve contradictions and disagreements through friendly consultation”, according to Chinese state broadcaster CCTV.

Rekindle ties

Mr. Lee also pitched China as a partner in Seoul’s efforts to rekindle frayed ties with North Korea, with which it remains technically at war.

Stressing the need for “stability” in the region, Mr. Lee noted “recent high-level exchanges between China and North Korea” — an apparent reference to leader Kim Jong Un’s recent attendance at a major military parade in Beijing.

Those meetings, Mr. Lee said, “are helping to create conditions for renewed engagement with Pyongyang”.

“I hope that South Korea and China will strengthen strategic communication… and work together to resume dialogue with the North,” Mr. Lee told Mr. Xi.

Ahead of their meeting, Pyongyang had dismissed Seoul’s hopes for denuclearisation as a “pipedream” which “can never be realised even if it talks about it a thousand times”.

South Korea’s national security advisor Wi Sung-lac said Mr. Xi reaffirmed to Mr. Lee that China “would continue efforts to help resolve issues and promote peace and stability on the Korean peninsula”.

During Mr. Xi’s visit Seoul said South Korea and China had renewed their 70 trillion won ($49 billion) currency swap agreement for another five years, and hoped the deal would “help stabilise the financial and foreign exchange markets of both countries”.

The two countries also signed several MOUs, including on a joint response to voice phishing and online scams, Seoul said.

Passing the baton

Mr. Lee earlier passed the APEC baton to Mr. Xi, who will host next year’s summit in the southern Chinese city of Shenzhen.

With the U.S president absent, Mr. Xi has used APEC to reach out to countries with which Beijing has had frosty relations.

He met Canadian Prime Minister Mark Carney on the sidelines of the event on Friday (October 31, 2025), the first formal talks between the two countries’ leaders since 2017.

Mr. Xi told the Liberal leader he was determined to work together to get relations back on the “right track” and invited Mr. Carney to visit China.

Mr. Carney described the meeting as a “turning point” in ties between Ottawa and Beijing.

Canada’s relations with China are among the worst of any Western nation.

However, they could find common ground because they are both at the sharp end of Mr. Trump’s tariff onslaught, even after Mr. Xi and the U.S. leader’s deal on Thursday (November 30, 2025) to dial back tensions.

Mr. Carney said on Saturday (November 1, 2025) he had apologised to Mr. Trump over an anti-tariff ad featuring former U.S. leader Ronald Reagan that sent the president into a rage, leading him to cancel trade talks and slap additional 10% tariffs on Canada.

Trade talks would restart when the United States was “ready”, Mr. Carney said.

And, he said, he had accepted Mr. Xi’s invitation to visit “in the new year”.

Mr. Xi also sat down on Friday (October 31, 2025) with Japan’s new premier Sanae Takaichi, long seen as a China hawk.

She told Mr. Xi she wanted a “strategic and mutually beneficial relationship”.

Published – November 01, 2025 10:06 pm IST

South Korean President Lee Jae Myung, right, speaks next to Chinese President Xi Jinping at the Asia-Pacific Economic Cooperation (APEC) Economic Leaders’ Meeting in Gyeongju, South Korea, on November 1, 2025.
| Photo Credit: AP

President Donald Trump with his Chinese counterpart Xi Jinping. File
| Photo Credit: AP

Chinese Foreign Minister Wang Yi held wide-ranging talks with U.S. Secretary of State Antony Blinken, on October 27.
| Photo Credit: AP

President Joe Biden has emphasised that the United States and China need to manage competition in the relationship responsibly and maintain open lines of communication as he met Chinese Foreign Minister Wang Yi ahead of a potential meeting with President Xi Jinping next month to reset bilateral ties.

President Biden met Wang at the White House on October 27 after the top Chinese diplomat held wide-ranging talks with U.S. Secretary of State Antony Blinken and National Security Advisor Jake Sullivan. Wang’s visit is expected to lay the groundwork for a potential meeting between Mr. Biden and Chinese President Xi at the Asia-Pacific Economic Cooperation (APEC) Summit in San Francisco in mid-November.

“The President emphasised that both the United States and China need to manage competition in the relationship responsibly and maintain open lines of communication. He underscored that the United States and China must work together to address global challenges,” the White House said in a readout of the meeting between Mr. Biden and Wang.

Mr. Sullivan and Wang had candid, constructive, and substantive discussions on key issues in the U.S.-China bilateral relationship, the Israel-Hamas conflict, Russia’s war against Ukraine, and cross-Strait issues, among other topics, said the National Security Council in a readout of the meeting.

During the meeting, Mr. Sullivan discussed concerns over China’s dangerous and unlawful actions in the South China Sea. He raised the importance of peace and stability across the Taiwan Strait.

Also read: View From India | Dispute in the South China Sea

China views Taiwan as a rebel province that must be reunified with the mainland, even by force. China has been conducting provocative military exercises around the self-ruled island.

“The two sides reaffirmed their desire to maintain this strategic channel of communication and to pursue additional high-level diplomacy, including working together towards a meeting between President Biden and President Xi Jinping in San Francisco in November,” said the readout.

State Department Spokesperson Matthew Miller said Mr. Blinken and Wang discussed a range of bilateral, regional, and global issues, including addressing areas of difference as well as exploring areas of cooperation.

“The Secretary reiterated that the United States will continue to stand up for our interests and values and those of our allies and partners,” he said.

The relationship between the world’s two largest economies began to deteriorate during the Trump administration. In 2018, former President Donald Trump signed an executive memorandum that would impose retaliatory tariffs on up to $60 billion in Chinese imports.

The U.S. and China have one of the world’s most important and complex bilateral relationships. Since 1949, the countries have experienced periods of both tension and cooperation over issues including trade, climate change, the South China Sea, Taiwan and the COVID-19 pandemic.

The Biden administration has sought to re-establish normal diplomatic ties with China after an incredibly fraught period, most notably over the Chinese surveillance balloon incident in February.