KEY POINTS
  • President Joe Biden will hold a virtual summit with Chinese President Xi Jinping one-on-one this Monday, the White House says.
  • The summit comes as the United States and China are at odds on major geopolitical issues like trade, human rights, military buildup, Taiwan and cybersecurity.
  • Yet despite deep divisions between the two countries, Biden is making it a priority to maintain open lines of communication with Beijing.
Chinese President Xi Jinping shakes hands with U.S. Vice President Joe Biden (L) inside the Great Hall of the People in Beijing December 4, 2013.

WASHINGTON — President Joe Biden will hold a highly anticipated virtual summit with Chinese President Xi Jinping on Monday evening, CNBC has confirmed.

Biden and Xi have held two phone calls since Biden took office in January, the most recently on September 9. But Monday's summit will be the first time in Biden's term that they have communicated face-to-face in a formal summit format.