President Joe Biden said he saw no need for a new Cold War between the world’s two biggest economies.
On Taiwan, where differences between the two have flared following a Taipei visit by U.S. House Speaker Nancy Pelosi in August, Biden “laid out in detail that our one China policy has not changed, the United States opposes any unilateral changes to the status quo by either side, and the world has an interest in the maintenance of peace and stability in the Taiwan Strait,” according to the White House statement.
largest economy and home to many global technology companies including semiconductor maker Taiwan Semiconductor Manufacturing, or TSMC, and Apple suppliers such as Hon Hai Precision, Pegatron and Lite-On Technology. The People’s Liberation Army carried out high-profile military exercises around the island following Pelosi’s visit.
“President Biden underscored that the United States and China must work together to address transnational challenges – such as climate change, global macroeconomic stability including debt relief, health security, and global food security – because that is what the international community expects,” according to the White House.
“President Biden also raised ongoing concerns about China’s non-market economic practices, which harm American workers and families, and workers and families around the world. He again underscored that it is a priority for us to resolve the cases of American citizens who are wrongfully detained or subject to exit bans in China,” the statement said.
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