Chinese President Xi Jinping arrives at a BRICS Summit in Kazan, Russia, Wednesday, Oct. 23, 2024. (Maxim Shemetov, Pool Photo via AP)

A worker walks past a sign presenting the Asia-Pacific Economic Cooperation (APEC) summit outside the Ministry of Culture in Lima, Peru, Tuesday, Nov. 12, 2024. (AP Photo/Fernando Vergara)

President Joe Biden speaks at Grubb-Worth Mansion, in Claymont, Del., Monday, Nov. 11, 2024. (AP Photo/Jacquelyn Martin)

A cargo ship sits in a Chinese-funded port in Chancay, Peru, Tuesday, Nov. 12, 2024. (AP Photo/Silvia Izquierdo)

Air Force members fix the red carpet before the arrival of Vietnam's President Luong Cuong in Lima, Peru, for the Asia-Pacific Economic Cooperation (APEC) summit, Tuesday, Nov. 12, 2024. (AP Photo/Guadalupe Pardo)

A fisherman travels on a boat near a Chinese-funded port construction in Chancay, Peru, Tuesday, Nov. 12, 2024. (AP Photo/Silvia Izquierdo)

A youth jumps into the water near a Chinese-funded port in Chancay, Peru, Tuesday, Nov. 12, 2024. (AP Photo/Silvia Izquierdo)

A cargo ship sits in a Chinese-funded port in Chancay, Peru, Tuesday, Nov. 12, 2024. (AP Photo/Silvia Izquierdo)