Biden, Xi reiterate importance of managing US-China rivalryBy Patsy Widakuswara November 16, 2024U.S. President Joe Biden and Chinese President Xi Jinping reiterated the importance of maintaining dialogue to manage the U.S.-China rivalry, at a summit Saturday on the sidelines of the Asia-Pacific Economic Cooperation Forum, or APEC, in Lima, Peru.
The U.S.-China relationship is the "most important" in the world, Biden said, stressing both leaders' responsibility not to allow competition to veer into conflict.
Biden has called Xi a "dictator" in the past, while Xi has accused the U.S. of being the "biggest source of chaos" in the world.
In their summit last year, Biden and Xi agreed to restart military-to-military communications, in part to manage potential tensions surrounding Taiwan and the South China Sea.
The regional free trade pact initially begun as the Trans-Pacific Partnership, promoted in 2015 by then-U.S. President Barack Obama.