During what may be his last bilateral meeting with Chinese President Xi Jinping, outgoing U.S. President Joe Biden reiterated the need for the U.S. and China to prevent their competition from escalating into conflict. At the start of their meeting in Lima, where the APEC summit concluded, Biden stressed it is the responsibility of both nations to maintain their relationship and avoid a confrontation, underlining that their interactions over the past four years demonstrate the feasibility of safeguarding their ties.