Chinese President Xi Jinping had a phone call with his U.S. counterpart Joe Biden, which took place as Taiwan tensions intensified due to a possible visit by U.S. House Speaker Nancy Pelosi. What did they the two presidents say to each other? And how will this high-level conversation influence China-U.S. relations?

U.S. GDP fell 0.9% at an annualized pace in the second quarter, following a 1.6% decline in the first quarter. There are concerns that the country may be heading into a recession. Why is the U.S. economy shrinking? How will that may impact global economy?

For this edition of Dialogue Weekend show, we have Dr. Zhao Hai, research fellow at the Chinese Academy of Social Sciences; Neysun Mahboubi, research scholar at the Center for the Study of Contemporary China at the University of Pennsylvania; Professor John Gong from the University of International Business and Economics; and Stephen Roach, senior fellow at the Jackson Institute of Global Affairs of Yale University.