President Joe Biden said his administration is ready to work with Beijing in playing key roles in addressing global challenges, ranging from climate changes to food insecurity.
"As the leaders of our two nations, we share a responsibility, in my view, to show that China and the United States can manage our differences, prevent competition from becoming anything ever near conflict, and to find ways to work together on urgent global issues that require our mutual cooperation," Biden told his Chinese counterpart Xi Jinping ahead of their bilateral meeting on the sidelines of the East Asia Summit in Bali, Indonesia, on Monday.
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Business News
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.