Chinese President Xi Jinping and U.S. President Joe Biden in Bali, Indonesia, November 2022 During the G-20 summit in Bali last November, U.S. President Joe Biden and Chinese President Xi Jinping emphasized the importance of responsibly managing the competition between their countries. “I absolutely believe there need not be a new Cold War,” Biden said. For his part, Xi stressed that the two countries share a common interest in “no confrontation and peaceful coexistence.” Recognizing the devastating consequences of military conflict, both leaders pledged to avoid it. Nevertheless, even if they can avoid conflict, the two countries are locked […]
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