Biden, Xi to hold online talks on Monday

The White House says President Joe Biden will hold online talks with Chinese President Xi Jinping on Monday.

Press Secretary Jen Psaki announced the meeting in a statement on Friday.

The statement says "the two leaders will discuss ways to responsibly manage the competition" between the United States and China, "as well as ways to work together where our interests align."

It also says "President Biden will make clear US intentions and priorities and be clear and candid about our concerns" with China.

Although Biden regards China as the "most serious competitor" to the United States, he has said the United States is "not seeking a new Cold War."

Analysts are watching to see if the summit will help ease tensions over issues such as security and advanced technologies.