Fintech News & Trends in Hong Kong and Asia

Xi, Biden hold candid, in-depth and extensive exchanges

This photo combo shows Chinese President Xi Jinping (left) and US President Joe Biden. (PHOTO/XINHUA/AP)

BEIJING – Chinese President Xi Jinping on Friday morning took a phone call from his US counterpart, Joseph R. Biden, and the two leaders had candid, in-depth and extensive strategic communication and exchanges on China-US relations and relevant issues of mutual interest.

Xi first expressed sympathy to Biden and the American people over the human and economic toll in multiple places in the United States caused by Hurricane Ida. Biden appreciated the expression of sympathy.

ALSO READ: Xi speaks with Biden on phone on eve of Lunar New Year

Xi pointed out that for some time, due to the US policy on China, the China-US relationship has run into serious difficulty, which serves neither the fundamental interests of the people of the two countries, nor the common interests of countries around the world.

Noting that China and the United States are respectively the biggest developing country and the biggest developed country, Xi pointed out that whether they can handle their relationship well bears on the future of the world

Noting that China and the United States are respectively the biggest developing country and the biggest developed country, Xi pointed out that whether they can handle their relationship well bears on the future of the world, and it is a question of the century to which the two countries must provide a good answer.

When China and the United States cooperate, the two countries and the world will benefit; when China and the United States are in confrontation, the two countries and the world will suffer, he said, adding that getting the relationship right is not optional, but something we must do and must do well.

Highlighting an ancient Chinese poem that "Mountains and rivers may block the way, yet another village will appear amidst willow trees and blooming flowers," Xi noted that since the ice was broken in bilateral relations in 1971, China and the United States have cooperated with each other and delivered tangible benefits to countries around the world.

With the international community facing many common challenges, China and the United States need to show broad vision and shoulder great responsibilities, he said, adding that the two countries should look ahead and press forward, demonstrate strategic courage and political resolve, and bring China-US relations back to the right track of stable development as soon as possible for the good of the people in both countries and around the world.

Elaborating on China's position on climate change and other issues, Xi stressed that China continues to prioritize ecological conservation and pursues a green and low-carbon path to development, and has taken the initiative to actively shoulder international responsibilities befitting China's national conditions.

On the basis of respecting each other's core concerns and properly managing differences, the relevant departments of the two countries may continue their engagement and dialogue to advance coordination and cooperation on climate change, COVID-19 response and economic recovery as well as on major international and regional issues, Xi said.

In the meantime, the two sides may tap more potential of cooperation to inject more positive dynamics into the relationship, he added.

The two countries have no interest in letting competition veer into conflict, and the US side has no intention to change the one-China policy, US President Joe Biden said

For his part, Biden, noting that the world is changing fast, said that the US-China relationship is the most consequential relationship in the world, and the future of the bulk of the world will depend on how the United States and China get on with each other.

ALSO READ: Biden: US, China need not be at odds

The two countries have no interest in letting competition veer into conflict, and the US side has no intention to change the one-China policy, he said.

The US side, he added, is prepared to have more candid exchanges and constructive discussions with China to identify key and priority areas where cooperation is possible, avoid miscommunication, miscalculation and unintended conflict, and get US-China relations back on track.

He said the US side looks forward to more discussions and cooperation with China to reach more common positions on climate change and other important issues.

Both presidents agreed that in-depth communication between them on China-US relations and major international issues is very important for steering the bilateral ties in the right direction.

They agreed to maintain frequent contact by multiple means and instruct officials at the working level to intensify the work, conduct extensive dialogue and create conditions for the further development of China-US relations.