News Snapshot:
US President Joe Biden warned of a confrontation between the world’s largest economies at his first online summit with China’s head of state and party leader Xi Jinping. Biden said Monday evening (US local time) at the beginning of the conversation with Xi that it was their responsibility to “ensure that competition between our countries does not degenerate into conflict, whether intentional or unintentional.” At the same time, Biden emphasized “that all countries must adhere to the same rules of the game”. The US would always stand up for its interests and values as well as those of its allies...