President Joe Biden tried to downplay any new tensions with China on Monday, after meeting with Chinese dictator Xi Jinping. “I absolutely believe there need not be a new Cold War,” he told reporters during a press conference after the three-and-a-half-hour meeting in Bali, Indonesia. Biden repeated that the United States policy in Taiwan had not changed at all, despite recent comments indicating otherwise. But he also downplayed any fears that China would move to take over the island.