China hopes the United States can show sincerity and promote proposals both countries can accept when their two leaders meet at this week’s G20 summit, the Chinese Foreign Ministry said on Friday ahead of the key trade talks.
"He says China’s not a competitor of ours," Trump said of Biden. "China is a massive competitor of ours. They want to take over the world. OK? They have China 2020 -- you know they have 2025," he added.
The Trump administration has released a list of tariffs on Chinese goods that have benefited from intellectual property theft, totaling $50 billion. The products range from flat-screen TVs to aircraft parts.
Despite the recent rapprochement between U.S. President Donald Trump and China President Xi Jinping over North Korea issues, China remains a competitor to the United States under Trump's "America first" agenda.