President Biden is in Peru for the Asia Pacific Economic Cooperation summit with his upcoming meeting with Xi Jinping at the summit generating significant interest. CBS News correspondent Natalie Brand has the latest.

In the message delivered by the Minister of Commerce of the People’s Republic of China, it was noted that rampant protectionism and the fragmentation of the global economy could reverse economic globalization.

Chinese President Xi Jinping has inaugurated a new megaport in the small fishing city of Chancay while in Peru for the APEC forum. But local fishers and business owners are not happy with the preparations for the opening.