Taiwan, economic cooperation, if Biden and XI agree on key points, it would be a huge boost, benefiting both the US and China immensely. China has a strong interest in the EU, Asia itself and the USA for its economic future. Military display of power costs billions, that money can be spent more usefully.

https://nos.nl/artikel/2452344-eerste-ontmoeting-presidenten-biden-en-xi-weinig-verwachtingen