China is proposing to overhaul its science, technology and finance regulators as part of a stiff competition with rivals while also tamping down risk at home.
The two leaders met in Beijing and discussed the war in Ukraine, a week after China released a position paper, calling for a cease-fire and peace talks between Russia and Ukraine.
China is looking to deepen ties with Saudi Arabia and meeting other Arab leaders months after President Biden visited the kingdom — and had rocky results.
The three-hour meeting between Xi and President Biden finished Monday with both leaders expressing an openness to restoring communication channels and repairing the U.S.-China relationship.
The meeting at the G20 in Indonesia will be their first in person since President Biden took office. Whether they can find common ground is a key question, and reflects the current state of relations.
President Biden leaves Thursday for a series of major summits with foreign leaders. And in Bali, he'll meet face-to-face with Chinese President Xi Jinping.