Xi Jinping says US-China competition "should be a race of catching up" not a win-or-lose wrestle

Chinese President Xi Jinping and President Donald Trump met Thursday at the White House, where Xi said competition between the world's two largest economies ought to remain constructive and limited, describing it as mutual striving rather than a contest in which only one side prevails. Preserving a stable relationship and keeping their many disagreements from derailing it was the stated aim of the talks, which Trump called "very good." Both leaders focused heavily on artificial intelligence, with Xi saying their countries have the ability and the duty to develop and manage it for beneficial ends and under human oversight. The preceding day, Treasury Secretary Scott Bessent said a tariff truce due to expire Nov. 10 would be extended to Jan. 10, following his talks with Vice Premier He Lifeng.