Biden and Chinese President Xi Jinping to meet in Peru this weekend

President Biden will meet with Chinese President Xi Jinping on the sidelines of the Asia-Pacific Economic Cooperation summit in Lima, Peru, on Saturday, senior administration officials told reporters Wednesday. 

Senior administration officials expect it to be Mr. Biden's last meeting with Xi as president. This will be their third in-person meeting since Mr. Biden took office. The two leaders last met in person one year ago, in Woodside, California. 

The meeting comes as Mr. Biden seeks to stabilize the Indo-Pacific region and manage competition with China ahead of President-elect Donald Trump's inauguration.