President Joe Biden spoke on the phone with Chinese President Xi Jinping on Tuesday, their first conversation since meeting last November in California.
Officials downplayed expectations ahead of Tuesday's call, describing it as a "check in" amid the administration's efforts to "maintain regular open lines of communication to responsibly manage competition and prevent unintended consequences."
Biden also emphasized "the importance of maintaining peace and stability" in Taiwan and raised concerns about China's support for Russia's military defense. It was also announced Tuesday that Treasury Secretary Janet Yellen will travel to China on Wednesday for a week of bilateral meetings and other engagements. Her trip will focus on pressuring her Chinese counterparts on those trade practices as well as expanding cooperation between the U.S. and China against illicit finance and progressing work on shared priorities like financial stability and addressing climate change, according to a senior Treasury official.
China has economic reasons to engage more with the U.S. as it's economy is in a downturn and Xi wants to restore confidence in its market and attract more foreign investment. Just last week, the Chinese president met with a delegation of American CEOs in Beijing.
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