President Biden held a phone call with Chinese leader Xi Jinping on Thursday, only their second since Biden took office, in an attempt initiated by the U.S. to stabilize the bilateral relationship and coax Beijing into more substantive engagement amid deepening competition.
MoreChina and 14 other countries agreed Sunday to set up the world’s largest trading bloc, encompassing nearly a third of all economic activity, in a deal many in Asia are hoping will help hasten a recovery from the shocks of the pandemic.
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