China has the upper hand over American in many fields, feeding into tensions between the two countries, Francesco Sisci, a Beijing-based China expert, author, and columnist, told Sputnik.
Taiwan regional authorities has also signed billions in contracts with the US for latest-generation F-16V fighter jets, M1 Abrams main battle tanks, and the HIMARS rocket system.
Xi said the two countries “should be partners rather than adversaries”, and recognized this year as the 45th anniversary of diplomatic relations between the US and China. Xi added that the world is “big enough” to accommodate “the simultaneous development and prosperity of both China and the US”.