China is “ready to be a partner and friend of the United States,” President Xi Jinping told US business leaders on Wednesday, as concerns mount over the country’s slowing economy. If one country sees the other as a main competitor and most consequential geopolitical challenge, “this will only lead to wrong policymaking, misguided actions and unwanted results,” he told a dinner on the sidelines of the Asia-Pacific Economic Cooperation (APEC) summit.

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