China finance ministry readout:

  • Two sides had in-depth, candid and constructive discussions on the macroeconomic situation and policies of the two countries and the world
  • China expressed its concern, both sides will maintain communication
  • Two sides also had discussions on bilateral economic relations, and cooperation in addressing global challenges

-

There are significant and ongoing strains in US - China relations. The two sides do work together, as indicated by this from China's Ministry of Commerce, but developments such as diversifying supply lines away from capricious Chinese law will continue.

xi biden

These two will meet in the coming month or so.