In this episode of the ChinaPower Podcast, Henrietta Levin and Gregory Poling unpack the outcomes of the ASEAN Summit and the Trump–Xi meeting on the sidelines of APEC. They examine how Washington and Beijing are prioritizing economic stability over strategic confrontation, why topics like Taiwan and the South China Sea were not discussed, and how ASEAN is seeking balance through new trade and digital initiatives. The discussion concludes with what to watch next, particularly with China’s trade implementation and rising tensions in the South China Sea. Henrietta Levin is a senior fellow with the Freeman Chair in China Studies at CSIS in Washington, D.C. She previously held senior roles at the U.S. Department of State and the White House, spearheading U.S. strategy and diplomacy in the Indo-Pacific. Greg Poling is the director of the Southeast Asia Program and the Asia Maritime Transparency Initiative at CSIS, focusing on maritime security and regional diplomacy in the Indo-Pacific.