Daily Trade News

U.S. Biden, China’s Xi discuss avoiding confrontation in second call


Chinese President Xi Jinping shakes hands with U.S. Vice President Joe Biden (L) inside the Great Hall of the People in Beijing December 4, 2013.

Lintao Zhang | Reuters

BEIJING — Chinese President Xi Jinping and U.S. President Joe Biden spoke for the first time since February on Friday.

It marked the second call between the leaders since Biden took office in January, as tensions between the world’s two largest economies simmer.

“President Biden underscored the United States’ enduring interest in peace, stability, and prosperity in the Indo-Pacific and the world and the two leaders discussed the responsibility of both nations to ensure competition does not veer into conflict,” the White House said in a readout of the call released Friday morning.

Chinese state media confirmed the call shortly afterwards.

Xi said in the report that, “on the basis of respecting each other’s core concerns and properly managing differences,” relevant departments of the two countries can engage for cooperation on climate, Covid prevention, economic recovery and major international and regional issues.

He said if there’s “confrontation” between China and the U.S., “both countries and the world will suffer,” while all will benefit if the two nations work together. That’s according to a CNBC translation of the Chinese text.

The state media report also included some description of Biden’s comments, including a remark that: “The two countries have no reason to fall into conflict as a result of competition.”

Read more about China from CNBC Pro

The two leaders last spoke just before the Lunar New Year — China’s most important holiday — in February in a call Biden said lasted two hours.

Friday’s call, which lasted for about 90 minutes, discussed a range of transnational issues and touched on economic issues, although that aspect of U.S.-China policy remains under review, Reuters reported, citing a senior U.S. administration official. The two leaders are able to be candid and honest with each other without lecturing, the official said.

The U.S. focus must be on rallying partners and allies, the official said in the report.

Both countries build regional ties



Read More: U.S. Biden, China’s Xi discuss avoiding confrontation in second call