President Biden and Chinese President Xi Jinping held a phone call Tuesday to discuss a variety of economic, military and political issues related to the U.S.-China bilateral relationship. Why it matters: It's the first time Biden and Xi have spoken one-on-one since their meeting at the APEC summit last November. The conversation is a part of an effort between the two world powers to maintain communication. • "Both sides realized that it's important to do that to really manage the relationship in a more responsible fashion," a senior administration official told reporters in a background call Monday night. • The ... (full story)