BALI, Indonesia — President Joe Biden and Chinese leader Xi Jinping agreed during a meeting today to establish regular channels of communication between key officials and to carefully manage the U.S.-China relationship going forward.
Why it matters: The meeting, held on the sidelines of the G20 summit, marked the first time the two leaders have met since Biden became president and seems to have met the Biden administration's stated goal of establishing guardrails to responsibly manage competition between the two superpowers.
