Sign up for our daily briefing

Make your busy days simpler with Axios AM/PM. Catch up on what's new and why it matters in just 5 minutes.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Catch up on the day's biggest business stories

Subscribe to Axios Closer for insights into the day’s business news and trends and why they matter

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Sign up for Axios Pro Rata

Dive into the world of dealmakers across VC, PE and M&A with Axios Pro Rata. Delivered daily to your inbox by Dan Primack and Kia Kokalitcheva.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Sports news worthy of your time

Binge on the stats and stories that drive the sports world with Axios Sports. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Tech news worthy of your time

Get our smart take on technology from the Valley and D.C. with Axios Login. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Get the inside stories

Get an insider's guide to the new White House with Axios Sneak Peek. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Denver news?

Get a daily digest of the most important stories affecting your hometown with Axios Denver

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Des Moines news?

Get a daily digest of the most important stories affecting your hometown with Axios Des Moines

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Twin Cities news?

Get a daily digest of the most important stories affecting your hometown with Axios Twin Cities

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Tampa Bay news?

Get a daily digest of the most important stories affecting your hometown with Axios Tampa Bay

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Charlotte news?

Get a daily digest of the most important stories affecting your hometown with Axios Charlotte

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Nashville news?

Get a daily digest of the most important stories affecting your hometown with the Axios Nashville newsletter.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Columbus news?

Get a daily digest of the most important stories affecting your hometown with the Axios Columbus newsletter.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Dallas news?

Get a daily digest of the most important stories affecting your hometown with the Axios Dallas newsletter.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Austin news?

Get a daily digest of the most important stories affecting your hometown with the Axios Austin newsletter.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Atlanta news?

Get a daily digest of the most important stories affecting your hometown with the Axios Atlanta newsletter.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Philadelphia news?

Get a daily digest of the most important stories affecting your hometown with the Axios Philadelphia newsletter.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Chicago news?

Get a daily digest of the most important stories affecting your hometown with the Axios Chicago newsletter.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Sign up for Axios NW Arkansas

Stay up-to-date on the most important and interesting stories affecting NW Arkansas, authored by local reporters

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top DC news?

Get a daily digest of the most important stories affecting your hometown with the Axios DC newsletter.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

China's President Xi Jinping during a video summit in Beijing on Friday. Photo: Li Xueren/Xinhua via Getty Images

China's President Xi Jinping on Tuesday warned against "bossing others around or meddling in others' internal affairs" and called for "more fair and equitable" global governance.

Why it matters: Xi's thinly veiled swipes at the U.S. during an online speech at an economic forum come at a time of heightened tensions between Beijing and Washington over trade, human rights and China's strategic and economic ambitions.

"However strong it may grow, China will never seek hegemony, expansion or a sphere of influence, nor will China ever engage in an arms race."
— Xi

What else he's saying: "International affairs should be conducted by way of negotiations and discussions, and the future destiny of the world should be decided by all countries," Xi said at the Boao Forum for Asia.

  • "One or a few countries shouldn't impose their rules on others, and the world shouldn’t be led on by the unilateralism of a few countries."
  • Xi warned that "any effort to build barriers and decouple works against economic and market principles, and would only harm others without benefiting oneself."

Of note: The "barriers" comment was an apparent reference to concerns that U.S.-China tensions over security and technology could "split industries and markets into separate, less productive spheres with incompatible standards," AP notes.

Reality check: Some of Xi’s comments are in stark contrast to the ruling Chinese Communist Party's actions. This includes:

  • An increased Chinese military presence in the South China Sea as it tries to claim territories recognized as being part of other countries.
  • Threats to Taiwan — including sending Chinese military aircraft to the island's air space in March — which prompted the Biden administration to send an unofficial delegation to Taiwan earlier this month.
  • China's military spending is the second-highest in the world after the U.S.
  • "Beijing is developing nuclear-capable ballistic missiles, submarines, stealth fighters and other weapons to extend its military reach," per AP.

But, but, but: Despite the flashpoints, Beijing has been "making a concerted effort to improve ties with U.S. businesses," and several prominent American executives are taking part in the Asian economic forum — including Apple's Tim Cook and Tesla's Elon Musk, Bloomberg reports.

  • And Xi's government and the Biden administration agreed to work together to tackle global climate change, after John Kerry, President Biden's special envoy on climate change, visited Shanghai last week to discuss the matter.
  • Xi said at the forum it's important "to follow the philosophy of green development, advance international cooperation on climate change and do more to implement the Paris agreement on climate change."

What to watch: Xi is due to take part in the White House's virtual climate summit, which is set to begin this Thursday.

  • The Biden administration did not immediately respond to Axios' request for comment.

Go deeper: House votes to condemn China's government for Hong Kong rights violations

Go deeper

The U.S. credibility chasm on climate change

Illustration: Aïda Amer/Axios

The biggest hurdle for President Biden in winning new emissions reduction commitments at this week's White House summit is America's on-again, off-again history of climate change efforts.

Why it matters: The global community is off course to meet the temperature targets contained in the Paris Climate Agreement. The White House wants the summit Thursday and Friday to begin to change that.

Apr 18, 2021 - World

Biden's blinking red lights: Taiwan, Ukraine and Iran

Photo illustration: Aïda Amer/Axios. Photo: Stefani Reynolds/Getty Images

Russia is menacing Ukraine’s borders, China is sending increasingly ominous signals over Taiwan and Iran is accelerating its uranium enrichment to unprecedented levels.

The big picture: Ukraine, Taiwan and Iran’s nuclear program always loomed large on the menu of potential crises President Biden could face. But over the last several days, the lights have been blinking red on all three fronts all at once.

Ben Geman, author of Generate
Apr 19, 2021 - Energy & Environment

Treasury Dept. unveils climate "hub" and names former Obama official as lead

The U.S. Treasury Building. Photo: Robert Alexander/Getty Images)

The Treasury Department offered more information Monday on plans to expand its focus on global warming, and said John E. Morton, a climate finance expert who served in the Obama administration, will lead the efforts.

Why it matters: Announcement of the new "Climate Hub" and Morton's appointment signal how the Biden administration is stitching climate policy into the fabric of agencies across the government.