The phone call between the two presidents came as tensions between China and the US have risen recently amid reports that US House Speaker Nancy Pelosi is considering a visit to Taiwan. China says the visit would be a violation of the US' commitment to not developing official exchanges with the island, which is part of Chinese territory. China has vowed to "take countermeasures" if the trip proceeds.

Biden reiterated that the one-China policy of the US has not and will not change, and that the US does not support "Taiwan independence".

During the phone conversation, Xi underscored that to approach and define China-US relations in terms of strategic competition, and to view China as a primary rival and a most serious long-term challenge, would be a misunderstanding of China-US relations and a misreading of China's development, and would mislead the people of the two countries and the international community.

Xi underscored the need for China and the US to maintain communication on such important issues as coordinating macroeconomic policies, keeping global industrial and supply chains stable, and protecting global energy and food security.