President Joe Biden said that co-operation between the world's major economies is necessary for global economic growth.

In his first address to the world diplomats as the President of the United States, Joe Biden said that he is willing to resolve the dispute with China through diplomacy.

The relationship between the two countries was stranded under Trump's Presidency. In his four years of tenure, he treated the economic rival as a threat to the national security of the United States.

Biden's remarks suggest the two economic superpowers of the world are likely to resolve their dispute through diplomatic means.

The Chinese officials say that they are always willing to solve the crisis through diplomatic efforts and talks. They say China has always been willing to seek peaceful coexistence with the US.