A fragile global economy is at stake as US and China seek to cool tensions at APEC summit

File – U.S. President Joe Biden, right, stands with Chinese President Xi Jinping before a meeting on the sidelines of the G20 summit on Nov. 14, 2022, in Bali, Indonesia. When Washington and Beijing do economic battle as they have for five years now the rest of the world suffers, too. And when they hold a top-level summit as Biden and Xi will this week the rest of the world pays attention. (AP Photo/Alex Brandon, File) WASHINGTON - The United States and China are the two global economic heavyweights. Combined, they produce more than 40% of the world’s goods and…