Remarks by President Biden and President Xi Jinping of the People’s Republic of China Before Bilateral Meeting, Lima, Peru

"It’s a great pleasure to see you again, President Biden. Over the past four years, China-U.S. relations have gone through ups and downs. But under our joint stewardship, the two sides have also been engaged in fruitful dialogue and cooperation, and the relationship has been kept stable on the whole.

These developments reconfirmed the experiences and lessons of the past of 45 years of China-U.S. diplomatic ties. When the two countries treat each other as partner and friend, seek common ground while (inaudible) differences, and help each other succeed, our relationship would make considerable progress.
But if we take each other as rival or adversary, pursue vicious competition, and seek to hurt each other, we would roil the relationship or even set it back."

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