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Article summary:

1. Xi Jinping and Joe Biden's meeting did not go as planned, with a cold handshake and a deviation from the expected "tough conversation" about China's ties to Iran and support for Russia in the Ukrainian conflict.

2. Biden emphasized the importance of managing competition between the US and China responsibly to avoid conflict, while Xi Jinping stressed that a conflict would have unbearable consequences for both countries and that there is enough room for both to prosper.

3. Xi Jinping stated that competition should not be the prevailing trend in US-China relations and that both countries should not turn their backs on each other, indicating a departure from his previous "back to back" formula used in relations with Russia.

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