【Abstract】

President Xi Jinping held a video meeting with U.S. President Joe Biden on November 16, 2021. The outcomes of the meeting can be summarized in three points: first, the meeting is a direct communication between the two heads of state; second, the meeting cooled down Sino-U.S. relations, and brought stability to bilateral relations in the short term; third, at the meeting, the Chinese and U.S. heads of state achieved a "new consensus" on the management of Sino-U.S. major power relations, namely, to manage all areas of Sino-U.S. relations Third, at the meeting, the two leaders achieved a "new consensus" on the control of U.S.-China relations, which includes: cooperation, competition, confrontation and conflict. Although Biden still defines U.S.-China relations in terms of "competition," this is more influenced by US political environment: the Biden administration must take a tough stance on China in the face of the prevailing anti-China sentiment in U.S. politics. Based on the analysis of Sino-US relations at this stage, we propose the following policy recommendations: (1) Define Sino-US relations as "cooperation, competition, confrontation and conflict in openness". We emphasize that China will remain open to the outside world for a long time, promote cooperation with openness, and mitigate and resolve confrontation and conflict with openness; (2) Strengthen cooperation with the US on climate issues, especially on green energy. cooperation, especially on green energy and science and technology, and must leave no stone unturned to increase investment; (iii) downplay the Biden team's tough rhetoric on ideological issues in order to give the Biden administration more room for discourse when responding to domestic questions; and (iv) must draw a clear bottom line on Taiwan, but emphasize that China's reunification with Taiwan is not about competing with the United States for hegemony.