The United States and China should find ways to work together as it will serve the two countries well, said Chuck Robbins, the chief executive of Cisco (NASDAQ:CSCO) .
President Joe Biden’s administration will likely try to engage with Beijing more than the previous administration did, through robust discussions around pressing issues, he told the media on Tuesday.
"I think there will be attempts to find solutions and I think the United States is also going to work very closely with our allies around the world," Robbins said. "It is in the best interest of both China and the United States, for these two countries to actually figure out how we co-exist and how we work effectively together around the world. I think this administration realizes that."
Still, the priority for the administration right now is to deal with the COVID-19 pandemic and vaccination rollout efforts, the Cisco CEO said
U.S. and Chinese officials met earlier this month in Alaska — the first high-level meeting under the new administration got off to a rocky start.
The meeting signaled that the Biden administration has no plans to fully abandon the previous administration’s tough tone in discussions with Beijing.
U.S. and Chinese officials met earlier this month in Alaska — the first high-level meeting under the new administration got off to a rocky start.
The meeting signaled that the Biden administration has no plans to fully abandon the previous administration’s tough tone in discussions with Beijing.
The two countries see each other as economic rivals as well as competitors in developing advanced technologies in areas including artificial intelligence and semiconductors. Some experts have said the rivalry can also spill into other areas such as green energy.
CSCO shares opened Tuesday down 95 cents, or 1.8%, to $51.57.
