Under global gaze, Chinese President Xi Jinping and his U.S. counterpart, Joe Biden, had on Monday a candid and in-depth exchange of views on a wide range of issues concerning bilateral ties and global priorities in their meeting ahead of the Group of 20 summit in Indonesia's resort island of Bali.

The high-profile talks came at a time when the China-U.S. relationship has arrived at a critical juncture. The past years have seen bilateral relations at a low ebb since the establishment of diplomatic ties: the reality of their interdependence has been ignored; the successful practice of bilateral win-win cooperation misrepresented; and channels of dialogue and communication blocked. For such setbacks Washington should take the blame.

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Photo shows the construction site of a super bridge for the Chongqing-Kunming high-speed railway connecting southwest China's Chongqing Municipality and Kunming city, southwest China's Yunnan Province. This is the continuous beam bridge with the longest span of all the bridges on the railway. (Photo/Xu Da)

Construction workers from China Railway No. 4 Engineering Group Co., Ltd. are building a super bridge high in the clouds for the Chongqing-Kunming high-speed railway connecting southwest China's Chongqing Municipality and Kunming city, southwest China's Yunnan Province.

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Chinese President Xi Jinping meets with U.S. President Joe Biden in Bali, Indonesia, Nov. 14, 2022. (Xinhua/Li Xueren)

Chinese President Xi Jinping met with his U.S. counterpart Joe Biden in Bali, Indonesia, on Nov. 14, local time.

The two heads of state had an in-depth exchange of views on issues of strategic importance in China-U.S. relations and on major global and regional issues.

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Chinese President Xi Jinping attends and addresses the 17th Group of 20 (G20) summit in Bali, Indonesia, Nov. 16, 2022. (Zabur Karuru/Media Center G20 Indonesia/Handout via Xinhua)

*In his speech at the G20 summit, Chinese President Xi Jinping called on G20 members to stand with each other in the face of risks and challenges, join hands together, and elevate win-win cooperation to a new height.

*China's goal is to work with all parties to champion the spirit of the UN Charter, act on the principle of indivisible security, uphold the vision of common, comprehensive, cooperative and sustainable security, advocate the resolution of conflicts through negotiation and settlement of disputes through consultation, and support all efforts conducive to the peaceful settlement of crises, Xi said.

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A C919 jet takes flight at the 14th Airshow China in Zhuhai, Guangdong province on Nov 9, 2022. [Photo by Wang Zhuangfei/China Daily]

A C919 jet completed its trial flight successfully on Sunday morning, departing from Pudong International Airport in Shanghai and landing at the Yangzhou Taizhou International Airport in Yangzhou, Jiangsu province, reported Sunday by the official WeChat account of the Yangzhou Taizhou Airport.

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Visitors check out Bayer products during the fifth CIIE in Shanghai on Nov 6. [ZHU XINGXIN/CHINA DAILY]

At their booths in the fifth China International Import Expo in Shanghai earlier this month, many senior MNC executives told me that for their businesses, the advantage of scale is no longer a critical factor for success in China.

Strategies successful in other markets are likely to prove outdated in China as customized designs, independent decisions and digitalization are more important to stay competitive, they said.

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A total of 169 projects with an investment of over 400 billion yuan (about 56.3 billion U.S. dollars) were signed on Sunday during the sixth China-South Asia Exposition and the 26th China Kunming Import and Export Fair.

The investment projects focused on 12 key industries in southwest China's Yunnan Province, including green energy, modern agriculture with plateau characteristics, advanced manufacturing, new material and biomedicine.

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This photo shows the closing plenary of the COP27 climate change conference in Sharm El-Sheikh, Egypt, Nov. 20, 2022. (Xinhua/Sui Xiankai)

A long-awaited "loss and damage" fund to help those countries vulnerable to climate change was approved on Sunday at the end of the 27th session of the Conference of the Parties (COP27) to the United Nations Framework Convention on Climate Change (UNFCCC).

"I welcome the decision to establish a loss and damage fund and to operationalize it in the coming period," UN Secretary-General Antonio Guterres said in a statement, noting that the two-week conference held in the Egyptian resort city of Sharm El-Sheikh "has taken an important step towards justice."

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A visitor looks at a car at the booth of Toyota at the fifth China International Import Expo (CIIE) in east China's Shanghai, Nov. 6, 2022. (Xinhua/Li Jing)

China has been walking the talk of high-standard opening-up, with concrete moves that will allow economies worldwide to benefit.

China reaffirmed on Friday that it will advance a broader agenda of opening-up across more areas and with greater depth, follow the Chinese path to modernization, put in place new systems for a higher-standard open economy, and continue to share the nation's development opportunities with the world.

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Last month, the Communist Party of China (CPC) held its 20th National Congress, an event of great significance in the sense that it charts the course for the country’s domestic and foreign policies for the next five years and beyond. With new tasks and objectives set, China is now embarking on a new journey. Where is China headed? What does it mean to the world? These are questions that matter to countries across the globe.

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