KURE - Biden and Xi conclude summit focused on long-term competition

During a meeting that lasted more than three hours on Monday night, President Biden and China's Xi Jinping looked to reduce the tensions that have marked the relationship since January, while opening the road for more dialogue. No major resolutions were produced from the meeting, but that was expected, as the White House said the discussion would center around "ways to manage the competition between the U.S. and China responsibly." Other attendees at the meeting included Treasury Secretary Janet Yellen, Secretary of State Antony Blinken and National Security Advisor Jake Sullivan. Shanghai -0.3% to 3,522. Quotes: "Our responsibility as leaders of China and the United States is to ensure that the competition between our countries does not veer into conflict, whether intended or unintended," Biden said to his counterpart via video, while Xi responded in a similar fashion. "China and the United States should respect each other, coexist in peace and pursue

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Biden and Xi conclude summit focused on long-term competition