Presidents Xi Jinping and Joe Biden engaged in a "candid and constructive" phone conversation, affirming the progress made in bilateral relations since their meeting in November. They emphasized the importance of communication to avoid misjudgments and promote the steady development of China-U.S. ties.

Xi highlighted the stabilizing trend in bilateral relations, while acknowledging the need to address negative factors. He emphasized the significance of strategic perception, comparing it to the first button of a shirt that must be aligned correctly. He stressed the importance of avoiding conflict, confrontation, and backsliding in the relationship, advocating instead for respect, peaceful coexistence, and win-win cooperation.

Xi outlined the bottom line of nonconflict and nonconfrontation, urging both countries to fulfill their commitments and transform the San Francisco vision into reality. He reiterated the importance of the Taiwan question as a red line, expressing hope that the U.S. would honor its commitment to not support "Taiwan independence."

Xi also addressed concerns about U.S. actions in suppressing China's trade and technology sectors, stating that such measures create risks rather than "de-risking." He emphasized that China would not tolerate attempts to stifle its development and would take necessary actions to protect its legitimate rights.

Biden acknowledged the progress in bilateral relations and reiterated the "five noes" policy, emphasizing that the U.S. does not seek conflict or containment of China. He announced plans for Treasury Secretary Yellen and Secretary of State Blinken to visit China in the near future.

The two leaders discussed the Ukraine crisis and the situation on the Korean Peninsula. They agreed to enhance cooperation in various fields, including diplomacy, economy, finance, commerce, military-to-military communication, anti-drug efforts, artificial intelligence, and climate change. They also emphasized the importance of expanding people-to-people exchanges and strengthening communication on global and regional issues.