President Biden Hosts China President Xi Jinping In Virtual Meeting

Biden administration officials say the goal is to establish "guardrails" in the complicated relationship and avoid "unintended conflict."

Monday saw a high-stakes sit-down between the leaders of two global superpowers. President Biden and Chinese President Xi Jinping met virtually in their most formal discussion since President Biden took office. 

"The meeting in our view is an opportunity to set the terms of our competition," White House press secretary Jen Psaki said.

With tensions spanning across issues concerning the global supply chain to reports of Beijing testing hypersonic missiles, the top U.S. General sounded the alarm in an interview with Bloomberg TV last month.