Chinese President Xi Jinping met with U.S. President Joe Biden via video link on November 16. China-U.S. relations are at a critical juncture. History and experience have unequivocally shown that when China and the United States cooperate, the two countries and the world benefit and when China and U.S. are in confrontation, the two countries and the world suffer. China and U.S. share broad common interests and huge cooperation space from fighting the epidemic, restoring the economy to coping with climate change. In this episode of bizbeat, CGTN's Michael Wang explains.