U.S. President Joe Biden and Chinese President Xi Jinping agreed to "manage the competition responsibly and maintain open lines of communication" during a face-to-face meeting while both attended the Group of 20 major economies' summit.
Biden told reporters after their meeting on Monday he's optimistic the rising tensions can be dialed back.
"I absolutely believe there need not be a new Cold War. We — I’ve met many times with Xi Jinping, and we were candid and clear with one another across the board. And I do not think there’s any imminent attempt on the part of China to invade Taiwan," Biden said at a press conference in the Grand Hyatt Hotel at Bali, Indonesia.
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