Beijing: China gave a muted response to US President Joe Biden's twin policy approach of confrontation with Beijing on challenges it posed and cooperation to further American interests, saying both countries can achieve "big things" together and their common interests far outweigh their differences.
In his first foreign policy address, US President Biden on Thursday described China as the most serious competitor to the US and vowed to confront Beijing on various fronts, including human rights, intellectual property and economic policy.
Biden said his administration would take on directly the challenges posed [to] our prosperity, security and democratic values by our most serious competitor: China.
"We will confront China's economic abuses, counter its aggressive, coercive action to push back on China's attack on human rights, intellectual property and global governance," Biden said in his address to State Department employees at its Foggy Bottom headquarters in Washington.
"But we are ready to work with Beijing when it is in America's interest to do so. We will compete from a position of strength by building back better at home, working with our allies and partners, renewing our role in international institutions, and reclaiming our credibility and moral authority, much of which has been lost," he said, giving a glimpse of his administration's policies on China.
Outlining his eagerly awaited China policy, Biden said, "that is why we have moved quickly to begin restoring American engagement internationally and earn back our leadership position to catalyse global action on shared challenges."
Read:|US will confront 'most serious competitor' China: Biden
Reacting to Biden's comments, Chinese Foreign Ministry spokesman Wang Wenbin told a media briefing here on Friday: "As two major countries China and the US share broad common interests and special major responsibilities for upholding world peace stability and prosperity.
China heaved a huge sigh of relief over the defeat of former US President Donald Trump by Biden in the US presidential election.
Trump's four years in power are regarded as the worst phase in China-US relations as the ruling Communist Party of China (CPC) headed by President Xi Jinping struggled to deal with what China's officials say was the most elusive and unpredictable American leader ever.