Nancy Pelosi

US President Joe Biden has promised there will be no " new Cold War " with China, following a conciliatory meeting with Chinese President Xi Jinping .

He also said he did not believe China would invade Taiwan.

It was The First meeting between the two superpower leaders since Mr Biden took office.

The pair met in Bali, A Day before the G20 leaders' summit on the Indonesian island.

In a three-hour meeting held at a Luxury Hotel shortly after Mr Xi's arrival, the leaders discussed a wide range of topics including Taiwan.

Claimed by Beijing , the self-governed island counts the US as an ally, and has always been a thorny issue in US-China relations.

Tensions spiked in August when US House Speaker Nancy Pelosi visited Taiwan. China responded with large-scale military exercises around The Island , prompting fears of a possible conflict between the US and China.

A readout to Chinese state media on Monday said Mr Xi had stressed That Taiwan remained " The Core of China's core interests… and The First Red Line in US-China relations That cannot be crossed".

In recent weeks That China May escalate plans to invade Taiwan.

Reporters on Monday asked Mr Biden if he believed this to be true, and if he thought a new Cold War was brewing.

" I absolutely believe there need not be a new Cold War . I have met many times with Xi Jinping and we were candid and clear with one another across the board. I do not think there is any imminent attempt on the part of China to invade Taiwan, " He Said .

" I made it clear we want to see cross-strait issues to be peacefully resolved and so it never has to come to That . And I'm convinced That he understood what I was saying, I understood what he was saying. "

Mr Biden said the two leaders had agreed to Set Up a mechanism where there would be dialogues at key levels of Government to resolve issues.

He added That he had made it clear to Mr Xi That " our policy on Taiwan has not changed at all. It's the same exact position That we have had".

Mr Biden has repeatedly said the US will defend Taiwan if it is attacked by China. It has been seen as a departure from the long-held US policy of " strategic ambiguity" over Taiwan, under which it does not commit to defending The Island . Officials have rowed back on his statements.

The US has long walked a tightrope over the Taiwan issue. A cornerstone of its relationship with Beijing is The One China policy, where Washington acknowledges only one Chinese Government - in Beijing - and has no formal ties with Taiwan.

But it also maintains Close Relations with Taiwan and sells arms to it under the Taiwan Relations Act, which states That the US must provide The Island with the means to defend itself.

Besides Taiwan, Mr Xi and Mr Biden's discussion also covered concerns over North Korea and Russia's invasion of Ukraine, according to readouts from both sides.

Mr Biden also raised concerns about Human Rights issues in China, including The Treatment of the Uyghurs in Xinjiang, Hong Kong and Tibet.

Both leaders strove to signal to each other - and to the rest of The World watching their meeting - That they were aware That global stability rested on relations between their Two Countries , and That they would act responsibly.

In recent days Mr Biden and US officials have been at pains to signal their aim of conciliation, stressing repeatedly That the US does not want conflict with China, while maintaining a sense of strong competition.

Mr Xi appeared to be on the same page, acknowledging in The Meeting 's Opening Remarks That " we need to chart The Right course for the China-US relationship" given That " The World has come to a crossroads".

Later in the Chinese readout, Mr Xi said That " China-US relations should not be a zero-sum game in which you rise and I fall… the wide Earth is fully capable of accommodating the development and common prosperity of China and The United States".

Source of news: bbc.com